Flagship Harbor Advisors LLC raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 40.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,411 shares of the technology company’s stock after purchasing an additional 407 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fair Isaac were worth $383,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc raised its position in shares of Fair Isaac by 40.2% during the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Arizona State Retirement System raised its position in shares of Fair Isaac by 0.4% during the 4th quarter. Arizona State Retirement System now owns 20,782 shares of the technology company’s stock worth $3,886,000 after buying an additional 88 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Fair Isaac by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the technology company’s stock worth $2,119,000 after buying an additional 100 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Fair Isaac by 843.8% during the 4th quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock worth $28,000 after buying an additional 135 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Fair Isaac by 10.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 1,993 shares of the technology company’s stock worth $541,000 after buying an additional 192 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Mark R. Scadina sold 9,942 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $239.03, for a total transaction of $2,376,436.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael J. Pung sold 7,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $252.53, for a total transaction of $1,894,985.12. The disclosure for this sale can be found here. Insiders sold a total of 53,447 shares of company stock worth $12,458,462 over the last quarter. Insiders own 6.10% of the company’s stock.
NYSE FICO opened at $283.39 on Wednesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.87 and a current ratio of 0.87. Fair Isaac Co. has a 12 month low of $165.21 and a 12 month high of $284.12. The company has a market capitalization of $8.09 billion, a P/E ratio of 63.23, a price-to-earnings-growth ratio of 6.02 and a beta of 1.43.
Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, January 30th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. Fair Isaac had a net margin of 14.64% and a return on equity of 46.97%. The business had revenue of $262.30 million for the quarter, compared to the consensus estimate of $263.93 million. During the same period in the previous year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, research analysts expect that Fair Isaac Co. will post 4.62 EPS for the current fiscal year.
A number of research firms have commented on FICO. Barclays boosted their price target on shares of Fair Isaac from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th. Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $242.00 price target on the stock in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd.
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Fair Isaac Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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