King Luther Capital Management Corp Has $3.64 Million Position in Fair Isaac Co. (FICO)

King Luther Capital Management Corp decreased its position in Fair Isaac Co. (NYSE:FICO) by 26.3% in the 3rd quarter, Holdings Channel reports. The firm owned 15,920 shares of the technology company’s stock after selling 5,670 shares during the period. King Luther Capital Management Corp’s holdings in Fair Isaac were worth $3,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FICO. First Hawaiian Bank acquired a new position in Fair Isaac in the 3rd quarter valued at about $155,000. Flagship Harbor Advisors LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $192,000. Meridian Investment Counsel Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at about $203,000. Bowling Portfolio Management LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $204,000. Finally, Commonwealth Equity Services LLC acquired a new position in Fair Isaac in the 2nd quarter valued at about $205,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

FICO has been the subject of several analyst reports. Barclays boosted their target price on shares of Fair Isaac to $200.00 in a research note on Sunday, December 2nd. Wells Fargo & Co set a $250.00 target price on shares of Fair Isaac and gave the company a “buy” rating in a research note on Sunday, November 4th. ValuEngine downgraded shares of Fair Isaac from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $208.50.

In other news, EVP James M. Wehmann sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $196.43, for a total transaction of $1,964,300.00. Following the completion of the transaction, the executive vice president now owns 99,726 shares of the company’s stock, valued at approximately $19,589,178.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stuart Wells sold 10,500 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $230.03, for a total transaction of $2,415,315.00. Following the transaction, the insider now directly owns 49,271 shares of the company’s stock, valued at approximately $11,333,808.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,979 shares of company stock valued at $23,493,316. Corporate insiders own 5.60% of the company’s stock.

NYSE FICO opened at $182.41 on Friday. Fair Isaac Co. has a 12 month low of $152.46 and a 12 month high of $241.10. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $5.52 billion, a PE ratio of 42.03, a P/E/G ratio of 3.90 and a beta of 1.43.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.13). Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The company had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. During the same period in the prior year, the company earned $1.65 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. On average, analysts expect that Fair Isaac Co. will post 4.89 earnings per share for the current fiscal year.

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About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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

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