Fair Isaac Corporation $FICO Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp cut its position in shares of Fair Isaac Corporation (NYSE:FICO) by 43.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,801 shares of the technology company’s stock after selling 5,990 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Fair Isaac were worth $4,622,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Heartland Bank & Trust Co lifted its holdings in shares of Fair Isaac by 2.9% in the first quarter. Heartland Bank & Trust Co now owns 468 shares of the technology company’s stock valued at $500,000 after buying an additional 13 shares during the period. FNY Investment Advisers LLC boosted its stake in Fair Isaac by 3.6% during the second quarter. FNY Investment Advisers LLC now owns 398 shares of the technology company’s stock valued at $475,000 after buying an additional 14 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Fair Isaac by 4.5% during the second quarter. NewEdge Advisors LLC now owns 324 shares of the technology company’s stock worth $387,000 after acquiring an additional 14 shares during the period. Alps Advisors Inc. grew its holdings in Fair Isaac by 1.2% during the third quarter. Alps Advisors Inc. now owns 1,193 shares of the technology company’s stock worth $707,000 after acquiring an additional 14 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Fair Isaac by 10.8% during the second quarter. Parkside Financial Bank & Trust now owns 164 shares of the technology company’s stock worth $196,000 after acquiring an additional 16 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE FICO opened at $727.92 on Thursday. The firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.36. The company has a 50 day simple moving average of $803.10 and a 200-day simple moving average of $1,094.83. Fair Isaac Corporation has a 52-week low of $586.05 and a 52-week high of $1,858.91.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. The firm had revenue of $657.05 million for the quarter, compared to the consensus estimate of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm posted $7.74 earnings per share. On average, analysts predict that Fair Isaac Corporation will post 39.61 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FICO. Bank of America cut shares of Fair Isaac from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. JPMorgan Chase & Co. reduced their price objective on shares of Fair Isaac from $900.00 to $800.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. Susquehanna set a $700.00 price objective on shares of Fair Isaac in a research note on Wednesday, September 30th. Huber Research cut shares of Fair Isaac to a “strong sell” rating in a research note on Tuesday, September 29th. Finally, Jefferies Financial Group dropped their target price on shares of Fair Isaac from $1,675.00 to $925.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Hold” and a consensus price target of $917.44.

Fair Isaac Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.