BlueMountain Capital Management LLC lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 61.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,411 shares of the technology company’s stock after selling 37,877 shares during the quarter. BlueMountain Capital Management LLC owned approximately 0.08% of Fair Isaac worth $4,526,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Meridian Investment Counsel Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter worth $203,000. Bowling Portfolio Management LLC purchased a new position in shares of Fair Isaac during the 2nd quarter worth $204,000. Commonwealth Equity Services LLC purchased a new position in shares of Fair Isaac during the 2nd quarter worth $205,000. Creative Planning purchased a new position in shares of Fair Isaac during the 2nd quarter worth $217,000. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Fair Isaac during the 2nd quarter worth $287,000. 88.30% of the stock is currently owned by institutional investors.
In related news, insider Richard Deal sold 25,001 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $201.88, for a total value of $5,047,201.88. Following the completion of the sale, the insider now directly owns 73,489 shares in the company, valued at approximately $14,835,959.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James M. Wehmann sold 10,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $232.72, for a total value of $2,327,200.00. Following the completion of the sale, the insider now owns 99,726 shares of the company’s stock, valued at $23,208,234.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 161,760 shares of company stock valued at $33,909,468. Insiders own 5.60% of the company’s stock.
FICO has been the subject of a number of research analyst reports. ValuEngine upgraded Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Fair Isaac from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Wells Fargo & Co upped their price objective on Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Finally, Barclays upped their price objective on Fair Isaac from $190.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 12th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Fair Isaac presently has an average rating of “Buy” and a consensus price target of $208.50.
FICO stock opened at $235.00 on Friday. The firm has a market cap of $6.85 billion, a PE ratio of 50.80, a PEG ratio of 5.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.84. Fair Isaac Co. has a 52 week low of $131.52 and a 52 week high of $237.61.
Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.49. The business had revenue of $259.50 million during the quarter, compared to the consensus estimate of $257.49 million. Fair Isaac had a return on equity of 39.61% and a net margin of 13.12%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS. analysts forecast that Fair Isaac Co. will post 4.5 earnings per share for the current fiscal year.
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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