Wedge Capital Management L L P NC lowered its position in Fair Isaac Corporation (NYSE:FICO) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,296 shares of the technology company’s stock after selling 312 shares during the period. Wedge Capital Management L L P NC’s holdings in Fair Isaac Corporation were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Fair Isaac Corporation during the fourth quarter worth about $1,183,000. Teachers Advisors LLC increased its stake in shares of Fair Isaac Corporation by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 50,226 shares of the technology company’s stock worth $5,988,000 after buying an additional 450 shares during the period. Capstone Asset Management Co. increased its stake in shares of Fair Isaac Corporation by 5.0% in the first quarter. Capstone Asset Management Co. now owns 2,967 shares of the technology company’s stock worth $383,000 after buying an additional 140 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Fair Isaac Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the technology company’s stock worth $1,006,000 after buying an additional 100 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Fair Isaac Corporation by 0.4% in the first quarter. Retirement Systems of Alabama now owns 40,098 shares of the technology company’s stock worth $5,171,000 after buying an additional 143 shares during the period. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Corporation (NYSE:FICO) opened at 137.94 on Monday. The firm’s 50-day moving average is $140.88 and its 200 day moving average is $133.83. The stock has a market capitalization of $4.23 billion, a P/E ratio of 36.98 and a beta of 1.20. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02.

Fair Isaac Corporation (NYSE:FICO) last issued its earnings results on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by $0.12. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The company had revenue of $231 million for the quarter, compared to analysts’ expectations of $237.07 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Fair Isaac Corporation’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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FICO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Fair Isaac Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub raised shares of Fair Isaac Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company increased their price target on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st.

In related news, Director David A. Rey sold 2,660 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the sale, the director now directly owns 11,034 shares in the company, valued at approximately $1,549,945.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg R. Gianforte sold 18,486 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the completion of the sale, the director now owns 20,877 shares in the company, valued at $2,807,956.50. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Fair Isaac Corporation Company Profile

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.

Institutional Ownership by Quarter for Fair Isaac Corporation (NYSE:FICO)

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