Edge Asset Management Inc. Lowers Stake in Fair Isaac Corporation (FICO)
Edge Asset Management Inc. reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 191,225 shares of the company’s stock after selling 18,235 shares during the period. Edge Asset Management Inc. owned 0.62% of Fair Isaac Corporation worth $22,798,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of Fair Isaac Corporation by 54.2% in the fourth quarter. Brown Advisory Inc. now owns 265,375 shares of the company’s stock valued at $31,639,000 after buying an additional 93,322 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of Fair Isaac Corporation during the fourth quarter valued at $144,000. Marshall Wace LLP boosted its stake in shares of Fair Isaac Corporation by 1,566.0% in the fourth quarter. Marshall Wace LLP now owns 85,031 shares of the company’s stock valued at $10,138,000 after buying an additional 79,927 shares in the last quarter. RidgeWorth Capital Management LLC boosted its stake in shares of Fair Isaac Corporation by 19.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,277,014 shares of the company’s stock valued at $152,246,000 after buying an additional 207,622 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Fair Isaac Corporation by 20.2% in the fourth quarter. Martingale Asset Management L P now owns 49,307 shares of the company’s stock valued at $5,879,000 after buying an additional 8,303 shares in the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.
Shares of Fair Isaac Corporation (NYSE:FICO) traded down 0.01% during midday trading on Thursday, hitting $128.79. The company had a trading volume of 170,577 shares. The firm has a market capitalization of $4.00 billion, a PE ratio of 32.50 and a beta of 1.24. The company has a 50-day moving average of $123.56 and a 200 day moving average of $122.99. Fair Isaac Corporation has a 12 month low of $92.29 and a 12 month high of $132.95.
Fair Isaac Corporation (NYSE:FICO) last posted its earnings results on Tuesday, January 31st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.39. The company earned $219.60 million during the quarter, compared to analysts’ expectations of $212.55 million. Fair Isaac Corporation had a return on equity of 30.90% and a net margin of 14.22%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, analysts expect that Fair Isaac Corporation will post $4.96 EPS for the current fiscal year.
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Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Fair Isaac Corporation from a “sell” rating to a “hold” rating in a report on Thursday, February 2nd. Wells Fargo & Company set a $130.00 price objective on Fair Isaac Corporation and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Finally, Barclays PLC restated an “equal weight” rating and set a $125.00 price objective (down from $135.00) on shares of Fair Isaac Corporation in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Fair Isaac Corporation has a consensus rating of “Hold” and a consensus target price of $126.25.
In other news, insider Wayne Elliot Huyard sold 24,457 shares of Fair Isaac Corporation stock in a transaction on Friday, February 10th. The stock was sold at an average price of $125.75, for a total value of $3,075,467.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Lansing sold 7,000 shares of Fair Isaac Corporation stock in a transaction on Monday, December 5th. The shares were sold at an average price of $112.87, for a total value of $790,090.00. Following the completion of the sale, the insider now directly owns 149,795 shares of the company’s stock, valued at $16,907,361.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,832 shares of company stock valued at $10,025,958. 5.60% of the stock is owned by insiders.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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