Verition Fund Management LLC reduced its position in shares of Fair Isaac Co. (NYSE:FICO – Get Rating) by 36.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 595 shares of the technology company's stock after selling 338 shares during the period. Verition Fund Management LLC's holdings in Fair Isaac were worth $278,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Fair Isaac by 113.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 746 shares of the technology company's stock worth $348,000 after buying an additional 396 shares in the last quarter. Toroso Investments LLC increased its stake in Fair Isaac by 13.4% during the 1st quarter. Toroso Investments LLC now owns 1,081 shares of the technology company's stock worth $504,000 after buying an additional 128 shares in the last quarter. Virtu Financial LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $1,320,000. Rivulet Capital LLC purchased a new stake in Fair Isaac during the 1st quarter worth approximately $60,733,000. Finally, Sandler Capital Management increased its stake in Fair Isaac by 15.3% during the 1st quarter. Sandler Capital Management now owns 23,778 shares of the technology company's stock worth $11,091,000 after buying an additional 3,160 shares in the last quarter. 86.95% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, Director Marc F. Mcmorris sold 516 shares of the company's stock in a transaction that occurred on 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 directly owns 242 shares in the company, valued at $119,337.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.27% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on FICO shares. TheStreet upgraded Fair Isaac from a "c+" rating to a "b" rating in a research note on Wednesday, August 31st. Robert W. Baird upped their price target on Fair Isaac from $493.00 to $546.00 in a research report on Thursday, August 4th. Finally, Barclays upped their price target on Fair Isaac from $450.00 to $535.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $546.40.Fair Isaac Price Performance
FICO stock opened at $427.91 on Monday. Fair Isaac Co. has a 1 year low of $340.48 and a 1 year high of $531.03. The firm has a market capitalization of $10.81 billion, a PE ratio of 31.35 and a beta of 1.22. The business has a 50 day simple moving average of $463.81 and a 200-day simple moving average of $429.76.
Fair Isaac (NYSE:FICO – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The technology company reported $3.59 EPS for the quarter, beating analysts' consensus estimates of $3.23 by $0.36. Fair Isaac had a negative return on equity of 67.14% and a net margin of 27.04%. The firm had revenue of $348.97 million for the quarter, compared to analysts' expectations of $343.50 million. On average, equities research analysts expect that Fair Isaac Co. will post 14.06 EPS for the current year.
Fair Isaac Profile
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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.
Further Reading
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