Wetherby Asset Management Inc. acquired a new stake in Fair Isaac Corporation (NYSE:FICO) during the second quarter, Holdings Channel reports. The fund acquired 2,190 shares of the technology company’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FICO. Tyers Asset Management LLC boosted its position in Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock valued at $120,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC acquired a new position in Fair Isaac Corporation during the first quarter valued at about $142,000. Elkfork Partners LLC boosted its position in Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock valued at $165,000 after buying an additional 66 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock valued at $209,000 after buying an additional 84 shares in the last quarter. Finally, Creative Planning boosted its position in Fair Isaac Corporation by 283.1% in the second quarter. Creative Planning now owns 1,659 shares of the technology company’s stock valued at $231,000 after buying an additional 1,226 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

Shares of Fair Isaac Corporation (NYSE FICO) opened at 139.25 on Wednesday. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02. The stock has a market capitalization of $4.27 billion, a P/E ratio of 37.33 and a beta of 1.20. The stock has a 50 day moving average price of $140.85 and a 200 day moving average price of $133.64.

Fair Isaac Corporation (NYSE:FICO) last posted its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. The firm had revenue of $231 million during the quarter, compared to analyst estimates of $237.07 million. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts anticipate that Fair Isaac Corporation will post $4.94 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on the company. BidaskClub cut Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company upped their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st.

In related news, Director Greg R. Gianforte sold 18,486 shares of Fair Isaac Corporation stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total value of $2,486,367.00. Following the completion of the transaction, the director now directly owns 20,877 shares in the company, valued at $2,807,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Fair Isaac Corporation Company Profile

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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Institutional Ownership by Quarter for Fair Isaac Corporation (NYSE:FICO)

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