Fair Isaac Corp. (FICO) Shares Sold by Profit Investment Management LLC
Profit Investment Management LLC cut its stake in shares of Fair Isaac Corp. (NYSE:FICO) by 15.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,679 shares of the company’s stock after selling 3,266 shares during the period. Fair Isaac Corp. comprises about 2.2% of Profit Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Profit Investment Management LLC owned 0.06% of Fair Isaac Corp. worth $2,203,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FICO. Vanguard Group Inc. raised its stake in Fair Isaac Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,325,235 shares of the company’s stock valued at $262,775,000 after buying an additional 43,767 shares during the last quarter. BlackRock Fund Advisors raised its stake in Fair Isaac Corp. by 2.0% in the second quarter. BlackRock Fund Advisors now owns 1,644,062 shares of the company’s stock valued at $185,795,000 after buying an additional 32,382 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Fair Isaac Corp. by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 915,073 shares of the company’s stock valued at $103,412,000 after buying an additional 2,492 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Fair Isaac Corp. by 40.8% in the second quarter. TimesSquare Capital Management LLC now owns 340,030 shares of the company’s stock valued at $38,427,000 after buying an additional 98,560 shares during the last quarter. Finally, Conatus Capital Management LP raised its stake in Fair Isaac Corp. by 0.3% in the second quarter. Conatus Capital Management LP now owns 319,867 shares of the company’s stock valued at $36,148,000 after buying an additional 905 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Shares of Fair Isaac Corp. (NYSE:FICO) traded down 0.45% on Monday, hitting $116.76. 143,755 shares of the stock were exchanged. The company has a 50-day moving average price of $117.90 and a 200-day moving average price of $119.45. The firm has a market capitalization of $3.61 billion, a PE ratio of 34.44 and a beta of 1.17. Fair Isaac Corp. has a one year low of $80.20 and a one year high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last issued its earnings results on Monday, November 7th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.93 by $0.07. The company earned $235.80 million during the quarter, compared to analysts’ expectations of $163.56 million. Fair Isaac Corp. had a net margin of 12.42% and a return on equity of 27.14%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. Equities research analysts expect that Fair Isaac Corp. will post $3.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend is Wednesday, November 30th. Fair Isaac Corp.’s payout ratio is presently 2.36%.
Several equities research analysts recently issued reports on FICO shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $125.00 price objective (down previously from $135.00) on shares of Fair Isaac Corp. in a research note on Tuesday, November 8th. Zacks Investment Research raised shares of Fair Isaac Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $116.50.
In related news, CFO Michael J. Pung sold 543 shares of Fair Isaac Corp. stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $127.98, for a total transaction of $69,493.14. Following the sale, the chief financial officer now directly owns 4 shares of the company’s stock, valued at approximately $511.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Lansing sold 30,000 shares of Fair Isaac Corp. stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $111.79, for a total transaction of $3,353,700.00. Following the sale, the insider now directly owns 185,495 shares in the company, valued at $20,736,486.05. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
Fair Isaac Corp. Company Profile
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