Fair Isaac Co. (FICO) Stake Increased by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 31.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,090 shares of the technology company’s stock after acquiring an additional 20,727 shares during the period. Rhumbline Advisers’ holdings in Fair Isaac were worth $16,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Fair Isaac by 40.2% in the fourth quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $155,000. Raymond James Trust N.A. acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $212,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Fair Isaac in the third quarter valued at approximately $226,000. 91.10% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Fair Isaac from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Barclays raised shares of Fair Isaac from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $200.00 to $225.00 in a report on Friday, November 30th. ValuEngine lowered shares of Fair Isaac from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Finally, Wells Fargo & Co set a $250.00 price target on shares of Fair Isaac and gave the company a “buy” rating in a report on Sunday, November 4th.

In other Fair Isaac news, CAO Michael S. Leonard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $235.38, for a total value of $470,760.00. Following the transaction, the chief accounting officer now directly owns 10,611 shares of the company’s stock, valued at $2,497,617.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Wayne Elliot Huyard sold 5,000 shares of Fair Isaac stock in a transaction on Monday, February 11th. The stock was sold at an average price of $235.91, for a total transaction of $1,179,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,981 shares of company stock worth $22,469,612. Insiders own 6.10% of the company’s stock.

Shares of Fair Isaac stock opened at $235.74 on Tuesday. Fair Isaac Co. has a fifty-two week low of $157.38 and a fifty-two week high of $241.10. The company has a market capitalization of $6.86 billion, a P/E ratio of 54.32, a P/E/G ratio of 5.11 and a beta of 1.36. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.87 and a quick ratio of 0.87.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. Fair Isaac had a net margin of 14.64% and a return on equity of 46.97%. The firm had revenue of $262.30 million for the quarter, compared to analysts’ expectations of $263.93 million. During the same period last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts predict that Fair Isaac Co. will post 4.62 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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