Russell Investments Group Ltd. Has $5.56 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Russell Investments Group Ltd. reduced its holdings in Fair Isaac Co. (NYSE:FICO) by 24.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,313 shares of the technology company’s stock after selling 5,989 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Fair Isaac worth $5,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FICO. FMR LLC boosted its holdings in shares of Fair Isaac by 3,261.9% in the 1st quarter. FMR LLC now owns 26,525 shares of the technology company’s stock worth $7,205,000 after acquiring an additional 25,736 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Fair Isaac by 3,354.7% during the 2nd quarter. WINTON GROUP Ltd now owns 82,290 shares of the technology company’s stock worth $25,841,000 after buying an additional 79,908 shares in the last quarter. Empowered Funds LLC acquired a new position in Fair Isaac during the 2nd quarter worth $1,184,000. Hexavest Inc. acquired a new position in Fair Isaac during the 2nd quarter worth $323,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Fair Isaac during the 2nd quarter worth $295,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FICO opened at $348.11 on Monday. The stock’s fifty day moving average price is $310.06 and its two-hundred day moving average price is $319.20. Fair Isaac Co. has a 52-week low of $170.26 and a 52-week high of $373.24. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 0.93. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 54.91 and a beta of 1.15.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.33. The firm had revenue of $305.30 million for the quarter, compared to the consensus estimate of $287.06 million. Fair Isaac had a return on equity of 66.75% and a net margin of 16.56%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS. On average, equities analysts predict that Fair Isaac Co. will post 6.72 EPS for the current fiscal year.

Several research analysts have issued reports on FICO shares. Zacks Investment Research raised Fair Isaac from a “strong sell” rating to a “buy” rating and set a $368.00 price objective on the stock in a report on Friday, November 8th. Stephens upped their price objective on Fair Isaac from $336.00 to $352.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. ValuEngine downgraded Fair Isaac from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. William Blair reaffirmed an “outperform” rating on shares of Fair Isaac in a report on Tuesday, November 5th. Finally, Wells Fargo & Co upped their price objective on Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fair Isaac currently has an average rating of “Buy” and an average target price of $357.40.

In other news, EVP James M. Wehmann sold 6,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $332.63, for a total value of $1,995,780.00. Following the transaction, the executive vice president now owns 107,083 shares of the company’s stock, valued at approximately $35,619,018.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard Deal sold 18,057 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $350.79, for a total value of $6,334,215.03. Following the completion of the transaction, the insider now directly owns 56,051 shares in the company, valued at approximately $19,662,130.29. The disclosure for this sale can be found here. In the last three months, insiders sold 114,604 shares of company stock worth $39,393,865. 6.10% of the stock is currently owned by company insiders.

Fair Isaac Profile

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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