Fair Isaac Corporation $FICO Stock: King Luther Capital Management Corp Lowers Stake

King Luther Capital Management Corp decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 79.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,052 shares of the technology company’s stock after selling 3,949 shares during the period. King Luther Capital Management Corp’s holdings in Fair Isaac were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its position in Fair Isaac by 6.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 1,254 shares of the technology company’s stock worth $743,000 after purchasing an additional 76 shares during the period. Illinois Municipal Retirement Fund raised its stake in Fair Isaac by 21.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 2,301 shares of the technology company’s stock valued at $1,363,000 after buying an additional 401 shares during the last quarter. AlphaCore Capital LLC raised its stake in Fair Isaac by 101.0% during the 3rd quarter. AlphaCore Capital LLC now owns 388 shares of the technology company’s stock valued at $230,000 after buying an additional 195 shares during the last quarter. Fulcrum Asset Management LLP lifted its holdings in shares of Fair Isaac by 509.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 743 shares of the technology company’s stock valued at $459,000 after buying an additional 621 shares during the period. Finally, Candriam S.C.A. lifted its holdings in shares of Fair Isaac by 287.4% during the 3rd quarter. Candriam S.C.A. now owns 8,898 shares of the technology company’s stock valued at $5,291,000 after buying an additional 6,601 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling at Fair Isaac

In other news, CEO William Lansing sold 10,683 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $721.30, for a total transaction of $7,705,647.90. Following the completion of the sale, the chief executive officer owned 250 shares of the company’s stock, valued at $180,325. The trade was a 97.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,715 shares of company stock worth $14,986,239. Company insiders own 3.02% of the company’s stock.

Analyst Ratings Changes

FICO has been the topic of a number of research reports. Huber Research downgraded Fair Isaac to a “strong sell” rating in a research note on Tuesday, September 29th. Robert W. Baird cut their price objective on Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Mizuho set a $901.00 price objective on Fair Isaac in a research report on Friday, November 6th. Barclays lowered their target price on Fair Isaac from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Finally, Bank of America cut Fair Isaac from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Hold” and an average price target of $917.44.

Fair Isaac Price Performance

Shares of FICO traded up $2.12 on Friday, reaching $719.50. The company’s stock had a trading volume of 502,183 shares, compared to its average volume of 796,096. The stock’s 50 day simple moving average is $787.56 and its two-hundred day simple moving average is $1,086.55. The stock has a market capitalization of $15.38 billion, a P/E ratio of 19.81, a PEG ratio of 1.05 and a beta of 1.36. Fair Isaac Corporation has a 12-month low of $586.05 and a 12-month high of $1,858.91.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The business had revenue of $657.05 million during the quarter, compared to analysts’ expectations of $651.73 million. During the same period in the prior year, the company earned $7.74 earnings per share. The firm’s revenue was up 27.4% on a year-over-year basis. Analysts expect that Fair Isaac Corporation will post 40.32 earnings per share for the current year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.