Fair Isaac Corporation (FICO) Position Reduced by Neuberger Berman Group LLC
Neuberger Berman Group LLC lessened its stake in Fair Isaac Corporation (NYSE:FICO) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,850,982 shares of the technology company’s stock after selling 54,732 shares during the quarter. Neuberger Berman Group LLC owned about 6.17% of Fair Isaac worth $260,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Fair Isaac by 4.0% in the third quarter. California Public Employees Retirement System now owns 101,719 shares of the technology company’s stock valued at $14,292,000 after purchasing an additional 3,919 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Fair Isaac in the third quarter valued at about $2,075,000. Jane Street Group LLC bought a new stake in Fair Isaac in the third quarter valued at about $711,000. Banbury Partners LLC increased its holdings in Fair Isaac by 14.9% in the third quarter. Banbury Partners LLC now owns 247,895 shares of the technology company’s stock valued at $34,829,000 after purchasing an additional 32,198 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Fair Isaac by 3.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 149,300 shares of the technology company’s stock valued at $20,977,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.
In other Fair Isaac news, Director A George Battle sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $150.46, for a total value of $752,300.00. Following the completion of the transaction, the director now directly owns 21,259 shares of the company’s stock, valued at $3,198,629.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees bought 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $152.00 per share, with a total value of $456,000.00. Following the completion of the purchase, the director now owns 4,989 shares of the company’s stock, valued at approximately $758,328. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.
Fair Isaac Corporation (NYSE:FICO) opened at $154.95 on Wednesday. Fair Isaac Corporation has a 52 week low of $118.07 and a 52 week high of $159.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $4,665.28, a PE ratio of 39.18, a price-to-earnings-growth ratio of 4.22 and a beta of 1.26.
Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.48. Fair Isaac had a return on equity of 30.03% and a net margin of 13.76%. The firm had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $249.11 million. During the same period in the previous year, the firm earned $1.28 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. equities research analysts predict that Fair Isaac Corporation will post 3.68 EPS for the current year.
A number of equities research analysts recently commented on the company. BidaskClub downgraded Fair Isaac from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Fair Isaac from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Monday, October 16th. Finally, Barclays upped their price objective on Fair Isaac from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd.
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About Fair Isaac
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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