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Los Angeles Capital Management LLC Trims Stock Position in Fair Isaac Co. (NYSE:FICO)

Fair Isaac logo with Computer and Technology background

Los Angeles Capital Management LLC decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 61.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,334 shares of the technology company's stock after selling 3,673 shares during the quarter. Los Angeles Capital Management LLC's holdings in Fair Isaac were worth $2,917,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in Fair Isaac by 18.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the technology company's stock valued at $1,351,000 after acquiring an additional 247 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Fair Isaac during the third quarter valued at $243,000. QRG Capital Management Inc. bought a new position in Fair Isaac during the third quarter valued at $673,000. Envestnet Asset Management Inc. increased its position in Fair Isaac by 42.4% during the third quarter. Envestnet Asset Management Inc. now owns 47,586 shares of the technology company's stock valued at $41,330,000 after acquiring an additional 14,167 shares during the last quarter. Finally, FMR LLC increased its position in Fair Isaac by 72.8% during the third quarter. FMR LLC now owns 87,527 shares of the technology company's stock valued at $76,020,000 after acquiring an additional 36,863 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FICO. Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Redburn Atlantic began coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They issued a "neutral" rating and a $1,113.00 price target on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,274.33.


Get Our Latest Research Report on Fair Isaac

Fair Isaac Stock Performance

Fair Isaac stock traded up $23.35 during midday trading on Friday, hitting $1,436.11. 235,291 shares of the company's stock were exchanged, compared to its average volume of 132,825. Fair Isaac Co. has a 12 month low of $764.49 and a 12 month high of $1,451.78. The firm has a 50-day moving average of $1,293.70 and a two-hundred day moving average of $1,250.66. The company has a market cap of $35.49 billion, a PE ratio of 75.39, a P/E/G ratio of 3.80 and a beta of 1.31.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The company had revenue of $433.81 million for the quarter, compared to analysts' expectations of $425.94 million. As a group, equities analysts expect that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares of the company's stock, valued at $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares of the company's stock, valued at $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the sale, the director now directly owns 21,118 shares of the company's stock, valued at $26,503,090. The disclosure for this sale can be found here. Insiders have sold a total of 24,014 shares of company stock worth $31,012,918 in the last three months. Corporate insiders own 3.54% of the company's stock.

About Fair Isaac

(Free Report)

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.

See Also

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

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