US Bancorp DE Sells 318 Shares of Fair Isaac Co. (FICO)

US Bancorp DE reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 10.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,687 shares of the technology company’s stock after selling 318 shares during the period. US Bancorp DE’s holdings in Fair Isaac were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of FICO. Arizona State Retirement System boosted its stake in shares of Fair Isaac by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 20,717 shares of the technology company’s stock worth $4,005,000 after purchasing an additional 334 shares during the period. Morgan Stanley boosted its stake in shares of Fair Isaac by 4.2% during the 2nd quarter. Morgan Stanley now owns 203,426 shares of the technology company’s stock worth $39,326,000 after purchasing an additional 8,254 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Fair Isaac during the 2nd quarter worth about $1,295,000. Assenagon Asset Management S.A. boosted its stake in shares of Fair Isaac by 340.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 35,347 shares of the technology company’s stock worth $8,079,000 after purchasing an additional 27,316 shares during the period. Finally, Prana Capital Management LP purchased a new position in shares of Fair Isaac during the 2nd quarter worth about $9,107,000. 84.96% of the stock is owned by institutional investors and hedge funds.

In related news, Director A George Battle acquired 5,230 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $190.57 per share, for a total transaction of $996,681.10. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider James M. Wehmann sold 20,000 shares of Fair Isaac stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total transaction of $4,712,600.00. Following the sale, the insider now owns 109,726 shares of the company’s stock, valued at approximately $25,854,737.38. The disclosure for this sale can be found here. Insiders have sold a total of 102,979 shares of company stock valued at $22,060,516 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Shares of FICO opened at $179.80 on Friday. Fair Isaac Co. has a 1-year low of $152.46 and a 1-year high of $241.10. The stock has a market cap of $5.21 billion, a P/E ratio of 37.85, a P/E/G ratio of 3.68 and a beta of 1.43. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.80 and a quick ratio of 0.80.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The company had revenue of $279.80 million for the quarter, compared to the consensus estimate of $272.70 million. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts forecast that Fair Isaac Co. will post 4.89 EPS for the current fiscal year.

A number of equities analysts recently commented on FICO shares. Wells Fargo & Co set a $250.00 price target on shares of Fair Isaac and gave the stock a “buy” rating in a research note on Sunday, November 4th. Zacks Investment Research cut shares of Fair Isaac from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, ValuEngine upgraded shares of Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Fair Isaac presently has a consensus rating of “Hold” and a consensus price target of $208.50.

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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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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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