Deutsche Bank AG decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,953 shares of the technology company’s stock after selling 9,200 shares during the period. Deutsche Bank AG owned 0.49% of Fair Isaac worth $32,669,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Valley Forge Capital Management LP boosted its stake in shares of Fair Isaac by 4.4% in the third quarter. Valley Forge Capital Management LP now owns 333,078 shares of the technology company’s stock valued at $76,125,000 after buying an additional 14,000 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $870,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $1,207,000. Riverhead Capital Management LLC boosted its stake in shares of Fair Isaac by 20.5% in the third quarter. Riverhead Capital Management LLC now owns 2,937 shares of the technology company’s stock valued at $671,000 after buying an additional 500 shares in the last quarter. Finally, People s United Financial Inc. purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $273,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on FICO. Zacks Investment Research upgraded Fair Isaac from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Barclays upgraded Fair Isaac from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $200.00 to $225.00 in a research report on Friday, November 30th. ValuEngine downgraded Fair Isaac from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Wells Fargo & Co set a $250.00 target price on Fair Isaac and gave the stock a “buy” rating in a research report on Sunday, November 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $214.75.
In other Fair Isaac news, insider Stuart Wells sold 10,000 shares of the company’s stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $179.35, for a total transaction of $1,793,500.00. Following the completion of the sale, the insider now directly owns 65,172 shares in the company, valued at $11,688,598.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James M. Wehmann sold 10,497 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $212.96, for a total value of $2,235,441.12. Following the sale, the insider now owns 100,223 shares of the company’s stock, valued at $21,343,490.08. The disclosure for this sale can be found here. Insiders sold 113,974 shares of company stock valued at $21,969,665 over the last quarter. Insiders own 5.80% of the company’s stock.
Shares of NYSE:FICO traded up $1.47 on Friday, hitting $205.78. The company had a trading volume of 237,700 shares, compared to its average volume of 230,875. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.01. Fair Isaac Co. has a 52-week low of $153.61 and a 52-week high of $241.10. The company has a market capitalization of $5.76 billion, a P/E ratio of 47.41, a P/E/G ratio of 4.07 and a beta of 1.33.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.13). The company had revenue of $279.80 million during the quarter, compared to analysts’ expectations of $272.70 million. Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 earnings per share. On average, sell-side analysts anticipate that Fair Isaac Co. will post 4.89 earnings per share for the current year.
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About Fair Isaac
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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