Equitable Trust Co. acquired a new stake in Fair Isaac Co. (NYSE:FICO – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 501 shares of the technology company's stock, valued at approximately $201,000.
A number of other hedge funds also recently made changes to their positions in the business. Lindsell Train Ltd bought a new position in Fair Isaac during the first quarter worth about $325,150,000. WCM Investment Management LLC lifted its position in shares of Fair Isaac by 1.5% during the 1st quarter. WCM Investment Management LLC now owns 620,881 shares of the technology company's stock worth $289,616,000 after buying an additional 9,411 shares during the period. AKO Capital LLP boosted its stake in Fair Isaac by 52.7% in the 1st quarter. AKO Capital LLP now owns 388,211 shares of the technology company's stock valued at $181,085,000 after buying an additional 133,949 shares in the last quarter. Kensico Capital Management Corp grew its position in Fair Isaac by 110.7% in the fourth quarter. Kensico Capital Management Corp now owns 308,900 shares of the technology company's stock valued at $133,961,000 after acquiring an additional 162,300 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Fair Isaac by 27.7% during the first quarter. Frontier Capital Management Co. LLC now owns 295,113 shares of the technology company's stock worth $137,658,000 after acquiring an additional 64,024 shares in the last quarter. Institutional investors and hedge funds own 86.95% of the company's stock.
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Insider Activity
In related news, Director Marc F. Mcmorris sold 516 shares of the firm's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $493.13, for a total value of $254,455.08. Following the transaction, the director now owns 242 shares in the company, valued at $119,337.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.05% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on FICO shares. TheStreet raised shares of Fair Isaac from a "c+" rating to a "b" rating in a report on Wednesday, August 31st. Barclays upped their price objective on shares of Fair Isaac from $450.00 to $535.00 and gave the stock an "overweight" rating in a research note on Thursday, August 4th. Finally, Robert W. Baird lifted their target price on shares of Fair Isaac from $493.00 to $546.00 in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $546.40.
Fair Isaac Trading Up 1.8 %
FICO opened at $433.03 on Thursday. Fair Isaac Co. has a 1-year low of $340.48 and a 1-year high of $531.03. The stock has a market capitalization of $10.94 billion, a PE ratio of 31.72 and a beta of 1.22. The firm has a 50-day moving average price of $463.23 and a two-hundred day moving average price of $429.51.
Fair Isaac (NYSE:FICO – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The technology company reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.36. Fair Isaac had a net margin of 27.04% and a negative return on equity of 67.14%. The business had revenue of $348.97 million during the quarter, compared to analyst estimates of $343.50 million. On average, research analysts predict that Fair Isaac Co. will post 14.06 EPS for the current year.
About Fair Isaac
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Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
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