Marshall Wace North America L.P. Has $69.57 Million Holdings in Fair Isaac Co. (NYSE:FICO)

Marshall Wace North America L.P. grew its position in shares of Fair Isaac Co. (NYSE:FICO) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256,136 shares of the technology company’s stock after purchasing an additional 22,547 shares during the quarter. Marshall Wace North America L.P.’s holdings in Fair Isaac were worth $69,574,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC lifted its position in shares of Fair Isaac by 8.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 80,252 shares of the technology company’s stock valued at $18,342,000 after acquiring an additional 6,552 shares in the last quarter. Vanguard Group Inc lifted its position in Fair Isaac by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 2,590,921 shares of the technology company’s stock worth $592,154,000 after buying an additional 33,669 shares in the last quarter. IFP Advisors Inc lifted its position in Fair Isaac by 40.2% in the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Fair Isaac by 22.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,894 shares of the technology company’s stock worth $915,000 after buying an additional 892 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in Fair Isaac in the 4th quarter worth approximately $1,445,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.

A number of research firms have issued reports on FICO. Zacks Investment Research upgraded 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. Barclays increased 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. Finally, Wells Fargo & Co increased 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.

FICO stock traded down $5.47 during midday trading on Friday, reaching $306.20. The company had a trading volume of 142,610 shares, compared to its average volume of 210,182. Fair Isaac Co. has a 1 year low of $170.26 and a 1 year high of $320.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.44. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 70.55 and a beta of 1.27.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 30th. The technology company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Fair Isaac had a return on equity of 51.46% and a net margin of 14.47%. The company had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $281.17 million. During the same quarter in the previous year, the company earned $1.50 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Fair Isaac Co. will post 4.92 EPS for the current year.

In other news, insider William J. Lansing sold 16,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 282,557 shares in the company, valued at approximately $85,363,295.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Rey sold 7,500 shares of the firm’s stock in a transaction on 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 owns 7,500 shares in the company, valued at approximately $2,121,150. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

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

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