First Trust Advisors LP lessened its holdings in Fair Isaac Corporation (NYSE:FICO) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,809 shares of the technology company’s stock after selling 567 shares during the quarter. First Trust Advisors LP’s holdings in Fair Isaac Corporation were worth $1,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System raised its holdings in Fair Isaac Corporation by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 13,100 shares of the technology company’s stock valued at $1,826,000 after buying an additional 200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Fair Isaac Corporation by 8.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 248,460 shares of the technology company’s stock valued at $34,638,000 after buying an additional 20,137 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Fair Isaac Corporation in the 2nd quarter valued at approximately $305,000. Morse Asset Management Inc bought a new position in Fair Isaac Corporation in the 2nd quarter valued at approximately $307,000. Finally, Texas Permanent School Fund raised its holdings in Fair Isaac Corporation by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 22,608 shares of the technology company’s stock valued at $3,152,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.

In other Fair Isaac Corporation news, Director David A. Rey sold 7,340 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the sale, the director now owns 15,714 shares in the company, valued at $2,203,888.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Rey sold 2,660 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the sale, the director now owns 11,034 shares of the company’s stock, valued at approximately $1,549,945.98. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Fair Isaac Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd.

Fair Isaac Corporation (NYSE:FICO) opened at 136.27 on Wednesday. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 36.53 and a beta of 1.22. The firm’s 50-day moving average is $139.08 and its 200 day moving average is $135.57.

Fair Isaac Corporation (NYSE:FICO) last issued its earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). The firm had revenue of $231.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. On average, equities analysts expect that Fair Isaac Corporation will post $4.94 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.watchlistnews.com/first-trust-advisors-lp-reduces-position-in-fair-isaac-corporation-fico/1574610.html.

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.

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

Receive News & Ratings for Fair Isaac Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.