First Manhattan Co. maintained its position in shares of Fair Isaac Corporation (NYSE:FICO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,654 shares of the technology company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Fair Isaac Corporation were worth $230,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Fair Isaac Corporation during the first quarter valued at $4,168,000. Russell Investments Group Ltd. increased its stake in Fair Isaac Corporation by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 52,509 shares of the technology company’s stock valued at $6,770,000 after buying an additional 5,075 shares during the last quarter. Profit Investment Management LLC increased its stake in Fair Isaac Corporation by 33.0% in the first quarter. Profit Investment Management LLC now owns 23,509 shares of the technology company’s stock valued at $3,031,000 after buying an additional 5,830 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in Fair Isaac Corporation during the first quarter valued at $219,000. Finally, Glen Harbor Capital Management LLC increased its stake in Fair Isaac Corporation by 5.5% in the first quarter. Glen Harbor Capital Management LLC now owns 1,972 shares of the technology company’s stock valued at $254,000 after buying an additional 102 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.
Shares of Fair Isaac Corporation (FICO) opened at 136.93 on Friday. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02. The firm has a market capitalization of $4.19 billion, a P/E ratio of 36.71 and a beta of 1.20. The stock has a 50 day moving average price of $140.61 and a 200 day moving average price of $133.22.
Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The firm had revenue of $231 million during the quarter, compared to the consensus estimate of $237.07 million. During the same quarter last year, the firm posted $1.45 earnings per share. Fair Isaac Corporation’s revenue was down 3.3% compared to the same quarter last year. Equities analysts anticipate that Fair Isaac Corporation will post $4.94 earnings per share for the current fiscal year.
Several research firms have recently weighed in on FICO. BidaskClub downgraded Fair Isaac Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company increased their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, August 1st.
In other news, Director Greg R. Gianforte sold 18,486 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total value of $2,486,367.00. Following the completion of the sale, the director now directly owns 20,877 shares in the company, valued at approximately $2,807,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by insiders.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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