Rational Advisors LLC lessened its stake in shares of Fair Isaac Co. (NYSE:FICO) by 72.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300 shares of the technology company’s stock after selling 800 shares during the quarter. Rational Advisors LLC’s holdings in Fair Isaac were worth $81,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in Fair Isaac by 8.6% in the fourth quarter. BlackRock Inc. now owns 2,929,507 shares of the technology company’s stock worth $547,820,000 after buying an additional 232,405 shares during the last quarter. Vanguard Group Inc grew its position in Fair Isaac by 1.3% in the third quarter. Vanguard Group Inc now owns 2,590,921 shares of the technology company’s stock worth $592,154,000 after buying an additional 33,669 shares during the last quarter. AKO Capital LLP grew its position in Fair Isaac by 11.9% in the first quarter. AKO Capital LLP now owns 591,536 shares of the technology company’s stock worth $160,679,000 after buying an additional 62,761 shares during the last quarter. Handelsbanken Fonder AB grew its position in Fair Isaac by 35.0% in the fourth quarter. Handelsbanken Fonder AB now owns 350,000 shares of the technology company’s stock worth $65,450,000 after buying an additional 90,680 shares during the last quarter. Finally, Norges Bank acquired a new position in Fair Isaac in the fourth quarter worth approximately $62,724,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
In other Fair Isaac news, Director David A. Rey sold 7,500 shares of Fair Isaac stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $282.82, for a total transaction of $2,121,150.00. Following the transaction, the director now directly owns 7,500 shares in the company, valued at approximately $2,121,150. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Pung sold 7,504 shares of Fair Isaac stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $252.53, for a total transaction of $1,894,985.12. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.
Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.07). Fair Isaac had a return on equity of 51.46% and a net margin of 14.47%. The firm had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $281.17 million. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Fair Isaac Co. will post 4.92 earnings per share for the current year.
Several research firms have issued reports on FICO. Wells Fargo & Co lifted their price target on shares of Fair Isaac from $250.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $242.00 price target on the stock in a research report on Tuesday, January 29th. Finally, Barclays lifted their price target on shares of Fair Isaac from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th.
Fair Isaac Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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