Los Angeles Capital Management & Equity Research Inc. Boosts Holdings in Fair Isaac Corporation (FICO)
Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Fair Isaac Corporation (NYSE:FICO) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,448 shares of the technology company’s stock after acquiring an additional 3,690 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.07% of Fair Isaac Corporation worth $2,873,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Fair Isaac Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 2,596,086 shares of the technology company’s stock valued at $361,920,000 after acquiring an additional 60,042 shares during the period. Atlanta Capital Management Co. L L C grew its position in Fair Isaac Corporation by 4.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock valued at $361,000,000 after acquiring an additional 117,514 shares during the period. State Street Corp grew its position in Fair Isaac Corporation by 3.7% during the second quarter. State Street Corp now owns 1,030,356 shares of the technology company’s stock valued at $143,644,000 after acquiring an additional 37,156 shares during the period. Koch Industries Inc. grew its position in Fair Isaac Corporation by 23,947.1% during the second quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock valued at $867,000 after acquiring an additional 869,998 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Fair Isaac Corporation by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 494,606 shares of the technology company’s stock valued at $68,952,000 after acquiring an additional 58,786 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.
In related 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 transaction, the director now owns 21,259 shares in the company, valued at $3,198,629.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joanna Rees purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $152.00 per share, for a total transaction of $456,000.00. Following 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. Insiders own 5.60% of the company’s stock.
A number of brokerages have commented on FICO. BidaskClub cut Fair Isaac Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, September 18th. Zacks Investment Research upgraded Fair Isaac Corporation from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Monday, October 16th. Wells Fargo & Company boosted their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC boosted their price objective on Fair Isaac Corporation from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd.
Fair Isaac Corporation (NYSE:FICO) opened at $154.00 on Thursday. The company has a market capitalization of $4,637.09, a PE ratio of 38.95, a price-to-earnings-growth ratio of 4.20 and a beta of 1.26. Fair Isaac Corporation has a one year low of $112.00 and a one year high of $155.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 0.95.
Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.65 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.48. The company had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $249.11 million. Fair Isaac Corporation had a return on equity of 30.03% and a net margin of 13.76%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. sell-side analysts expect that Fair Isaac Corporation will post 3.68 EPS for the current year.
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Fair Isaac Corporation 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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