State Board of Administration of Florida Retirement System lowered its position in Fair Isaac Co. (NYSE:FICO) by 16.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,130 shares of the technology company’s stock after selling 2,650 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Fair Isaac were worth $1,693,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FICO. Tyers Asset Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $105,000. Advisory Services Network LLC acquired a new stake in Fair Isaac during the first quarter worth approximately $142,000. Elkfork Partners LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $144,000. Cookson Peirce & Co. Inc. acquired a new stake in Fair Isaac during the third quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in Fair Isaac during the first quarter worth approximately $219,000. 90.58% of the stock is owned by hedge funds and other institutional investors.

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

Fair Isaac Co. (NYSE:FICO) opened at 136.57 on Tuesday. Fair Isaac Co. has a one year low of $105.69 and a one year high of $139.00. The stock has a 50 day moving average of $134.03 and a 200 day moving average of $127.02. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 33.96 and a beta of 1.24.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 27th. The technology company reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The business had revenue of $228.40 million for the quarter, compared to the consensus estimate of $220.05 million. Fair Isaac had a net margin of 14.22% and a return on equity of 30.90%. Fair Isaac’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. Equities research analysts predict that Fair Isaac Co. will post $4.96 EPS for the current fiscal year.

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Separately, Zacks Investment Research lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th.

In other news, CFO Michael J. Pung sold 699 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $130.32, for a total transaction of $91,093.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Kirsner sold 12,750 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.17, for a total transaction of $1,761,667.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,465 shares of company stock valued at $4,211,984. 5.60% of the stock is currently owned by corporate insiders.

Fair Isaac 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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