State Street Corp Has $128.08 Million Position in Fair Isaac Corporation (FICO)
State Street Corp increased its position in Fair Isaac Corporation (NYSE:FICO) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 993,200 shares of the technology company’s stock after buying an additional 24,396 shares during the period. State Street Corp owned approximately 3.21% of Fair Isaac Corporation worth $128,076,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Tyers Asset Management LLC raised its position in Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock valued at $120,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC bought a new position in Fair Isaac Corporation during the first quarter valued at about $142,000. Elkfork Partners LLC raised its stake in shares of Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after buying an additional 66 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock worth $209,000 after buying an additional 84 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Fair Isaac Corporation during the first quarter worth $219,000. 90.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Fair Isaac Corporation (FICO) traded down 0.66% during mid-day trading on Thursday, reaching $140.33. The company had a trading volume of 111,517 shares. The firm’s 50-day moving average price is $139.67 and its 200 day moving average price is $132.59. Fair Isaac Corporation has a 52-week low of $109.77 and a 52-week high of $147.02. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 37.62 and a beta of 1.20.
Fair Isaac Corporation (NYSE:FICO) last released its earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.12. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.85%. The business had revenue of $231 million for the quarter, compared to the consensus estimate of $237.07 million. During the same quarter in the previous year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts expect that Fair Isaac Corporation will post $4.94 EPS for the current year.
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A number of analysts have recently weighed in on FICO shares. BidaskClub upgraded Fair Isaac Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Fair Isaac Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company raised their target price on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday.
In other news, Director Greg R. Gianforte sold 18,486 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the completion of the transaction, the director now owns 20,877 shares in the company, valued at $2,807,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is owned by insiders.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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