GAM Holding AG reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,285 shares of the technology company’s stock after selling 380 shares during the period. GAM Holding AG’s holdings in Fair Isaac were worth $621,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Fair Isaac by 843.8% in the 4th quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. IFP Advisors Inc lifted its position in Fair Isaac by 40.2% during the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Toronto Dominion Bank acquired a new position in Fair Isaac during the 1st quarter worth $54,000. Rockefeller Capital Management L.P. acquired a new position in Fair Isaac during the 1st quarter worth $73,000. Finally, Ellis Investment Partners LLC acquired a new position in Fair Isaac during the 1st quarter worth $94,000. 84.16% of the stock is owned by institutional investors and hedge funds.
FICO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $313.00 target price for the company in a research report on Friday, May 3rd. Wells Fargo & Co boosted their target price on shares of Fair Isaac from $250.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays boosted their target price on shares of Fair Isaac from $240.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th.
Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 30th. The technology company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($0.07). The firm had revenue of $278.20 million for the quarter, compared to analyst estimates of $281.17 million. Fair Isaac had a return on equity of 51.46% and a net margin of 14.47%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. Equities analysts forecast that Fair Isaac Co. will post 4.92 earnings per share for the current fiscal year.
In other news, insider William J. Lansing sold 16,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $302.11, for a total transaction of $4,833,760.00. Following the completion of the transaction, the insider now owns 282,557 shares of the company’s stock, valued at $85,363,295.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Rey sold 7,500 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $282.82, for a total transaction of $2,121,150.00. Following the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $2,121,150. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.
Fair Isaac Company Profile
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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