First Citizens Bank & Trust Co. Decreases Stake in Fair Isaac Co. (FICO)

First Citizens Bank & Trust Co. cut its position in shares of Fair Isaac Co. (NYSE:FICO) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,066 shares of the technology company’s stock after selling 533 shares during the period. First Citizens Bank & Trust Co.’s holdings in Fair Isaac were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake in Fair Isaac by 38.1% during the third quarter. Public Employees Retirement System of Ohio now owns 49,421 shares of the technology company’s stock worth $6,944,000 after purchasing an additional 13,641 shares during the period. California Public Employees Retirement System raised its stake in Fair Isaac by 4.0% during the third quarter. California Public Employees Retirement System now owns 101,719 shares of the technology company’s stock worth $14,292,000 after purchasing an additional 3,919 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Fair Isaac during the third quarter worth about $2,075,000. Jane Street Group LLC purchased a new position in Fair Isaac during the third quarter worth about $711,000. Finally, Banbury Partners LLC raised its stake in Fair Isaac by 14.9% during the third quarter. Banbury Partners LLC now owns 247,895 shares of the technology company’s stock worth $34,829,000 after purchasing an additional 32,198 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Shares of Fair Isaac Co. (NYSE FICO) opened at $159.56 on Friday. The stock has a market cap of $4,805.93, a P/E ratio of 40.19, a PEG ratio of 4.35 and a beta of 1.26. Fair Isaac Co. has a 52 week low of $119.54 and a 52 week high of $162.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.48. The business had revenue of $253.21 million for the quarter, compared to the consensus estimate of $249.11 million. Fair Isaac had a net margin of 13.76% and a return on equity of 30.03%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. sell-side analysts anticipate that Fair Isaac Co. will post 3.68 earnings per share for the current fiscal year.

A number of equities analysts have commented on FICO shares. BidaskClub raised shares of Fair Isaac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Monday, October 16th. Finally, Barclays boosted their price target on shares of Fair Isaac from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd.

In related news, Director A George Battle sold 5,000 shares of Fair Isaac stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $150.46, for a total value of $752,300.00. Following the completion of the transaction, the director now owns 21,259 shares in the company, valued at $3,198,629.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $152.00 per share, with a total value of $456,000.00. Following the acquisition, the director now directly owns 4,989 shares of the company’s stock, valued at approximately $758,328. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.

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Fair Isaac 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.

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

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