Russell Investments Group Ltd. increased its holdings in Fair Isaac Co. (NYSE:FICO) by 64.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,302 shares of the technology company’s stock after purchasing an additional 9,554 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Fair Isaac worth $7,615,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Fair Isaac by 17.8% in the first quarter. BlackRock Inc. now owns 3,449,552 shares of the technology company’s stock worth $937,001,000 after purchasing an additional 520,045 shares in the last quarter. AKO Capital LLP boosted its holdings in Fair Isaac by 11.9% during the first quarter. AKO Capital LLP now owns 591,536 shares of the technology company’s stock valued at $160,679,000 after acquiring an additional 62,761 shares during the period. Janus Henderson Group PLC boosted its holdings in Fair Isaac by 5.5% during the second quarter. Janus Henderson Group PLC now owns 322,406 shares of the technology company’s stock valued at $101,242,000 after acquiring an additional 16,857 shares during the period. Principal Financial Group Inc. boosted its holdings in Fair Isaac by 3.0% during the first quarter. Principal Financial Group Inc. now owns 295,801 shares of the technology company’s stock valued at $80,349,000 after acquiring an additional 8,547 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Fair Isaac by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 294,328 shares of the technology company’s stock valued at $55,039,000 after acquiring an additional 19,598 shares during the period. Hedge funds and other institutional investors own 82.90% of the company’s stock.
A number of equities research analysts have issued reports on FICO shares. Zacks Investment Research cut shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Wells Fargo & Co upped their price target on shares of Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 1st.
FICO stock traded up $2.12 during mid-day trading on Thursday, reaching $316.05. 12,599 shares of the stock traded hands, compared to its average volume of 229,154. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. Fair Isaac Co. has a 52 week low of $170.26 and a 52 week high of $373.24. The business has a 50-day moving average of $351.05 and a two-hundred day moving average of $304.95. The firm has a market capitalization of $9.32 billion, a PE ratio of 73.08 and a beta of 1.22.
Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The company had revenue of $314.20 million during the quarter, compared to analysts’ expectations of $292.88 million. During the same period in the prior year, the company earned $1.51 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that Fair Isaac Co. will post 5.9 EPS for the current fiscal year.
In other news, EVP Mark R. Scadina sold 6,019 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $355.52, for a total transaction of $2,139,874.88. Following the completion of the transaction, the executive vice president now owns 15,000 shares of the company’s stock, valued at $5,332,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Lansing sold 16,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $329.04, for a total transaction of $5,264,640.00. Following the transaction, the insider now directly owns 282,557 shares of the company’s stock, valued at approximately $92,972,555.28. The disclosure for this sale can be found here. Insiders have sold 144,880 shares of company stock valued at $50,362,085 over the last 90 days. Corporate insiders own 6.10% of the company’s stock.
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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