Fair Isaac Co. (NYSE:FICO) CAO Michael S. Leonard sold 1,038 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $347.67, for a total transaction of $360,881.46. Following the transaction, the chief accounting officer now directly owns 7,579 shares in the company, valued at $2,634,990.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:FICO opened at $352.54 on Friday. Fair Isaac Co. has a 52 week low of $170.26 and a 52 week high of $371.81. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 65.86 and a beta of 1.20. The firm’s 50-day simple moving average is $346.44 and its 200 day simple moving average is $293.67. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.95 and a current ratio of 0.95.
Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The firm had revenue of $314.20 million for the quarter, compared to analyst estimates of $292.88 million. During the same period last year, the firm earned $1.51 EPS. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Fair Isaac Co. will post 4.92 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in FICO. BlackRock Inc. increased its holdings in Fair Isaac by 17.8% in the 1st quarter. BlackRock Inc. now owns 3,449,552 shares of the technology company’s stock valued at $937,001,000 after buying an additional 520,045 shares during the period. Victory Capital Management Inc. increased its holdings in Fair Isaac by 178.5% in the 1st quarter. Victory Capital Management Inc. now owns 261,022 shares of the technology company’s stock valued at $70,902,000 after buying an additional 167,284 shares during the period. Bodenholm Capital AB bought a new position in Fair Isaac in the 1st quarter valued at about $31,012,000. APG Asset Management N.V. increased its holdings in Fair Isaac by 777.6% in the 2nd quarter. APG Asset Management N.V. now owns 125,500 shares of the technology company’s stock valued at $34,606,000 after buying an additional 111,200 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Fair Isaac by 270.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 152,010 shares of the technology company’s stock valued at $47,734,000 after buying an additional 110,983 shares during the period. 83.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Wells Fargo & Co raised their price target on shares of Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st.
Fair Isaac Company 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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