Fair Isaac Co. (NYSE:FICO) Stock Position Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in Fair Isaac Co. (NYSE:FICO) by 9.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,246 shares of the technology company’s stock after selling 238 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fair Isaac were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Fair Isaac in the 2nd quarter valued at about $26,262,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Fair Isaac by 8.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 634,376 shares of the technology company’s stock valued at $318,888,000 after acquiring an additional 51,356 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Fair Isaac by 25.9% in the 2nd quarter. Eagle Asset Management Inc. now owns 248,851 shares of the technology company’s stock valued at $125,092,000 after acquiring an additional 51,208 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Fair Isaac by 8.1% in the 3rd quarter. WCM Investment Management LLC now owns 585,946 shares of the technology company’s stock valued at $233,165,000 after acquiring an additional 43,694 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Fair Isaac by 5,293.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,063 shares of the technology company’s stock valued at $22,150,000 after acquiring an additional 43,246 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

In other news, EVP Thomas A. Bowers sold 456 shares of the stock in a transaction that occurred on Tuesday, December 14th. The stock was sold at an average price of $408.10, for a total value of $186,093.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 250 shares of the stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $398.52, for a total value of $99,630.00. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.

NYSE:FICO opened at $436.44 on Friday. The stock’s 50 day moving average price is $403.77 and its 200 day moving average price is $437.79. Fair Isaac Co. has a 52 week low of $342.89 and a 52 week high of $553.97. The company has a market capitalization of $11.94 billion, a P/E ratio of 32.55 and a beta of 1.29. The company has a debt-to-equity ratio of 6.46, a quick ratio of 0.99 and a current ratio of 0.99.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, November 10th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $2.37 by $1.55. Fair Isaac had a return on equity of 205.21% and a net margin of 29.78%. The company had revenue of $334.58 million for the quarter, compared to the consensus estimate of $349.20 million. During the same quarter last year, the company posted $2.78 earnings per share. As a group, sell-side analysts forecast that Fair Isaac Co. will post 12.72 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Jefferies Financial Group raised shares of Fair Isaac to a “buy” rating and set a $522.00 price objective for the company in a research note on Tuesday, December 21st. Needham & Company LLC upped their price objective on shares of Fair Isaac from $550.00 to $590.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $464.00 price objective for the company in a research note on Wednesday, November 10th. Royal Bank of Canada reduced their price objective on shares of Fair Isaac from $550.00 to $463.00 and set a “sector perform” rating for the company in a research note on Friday, October 8th. They noted that the move was a valuation call. Finally, Robert W. Baird upped their price objective on shares of Fair Isaac from $488.00 to $535.00 in a research note on Tuesday, January 4th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Buy” and an average target price of $547.63.

About Fair Isaac

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.

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

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