Morse Asset Management Inc Cuts Stake in Fair Isaac Co. (NYSE:FICO)

Morse Asset Management Inc decreased its holdings in Fair Isaac Co. (NYSE:FICO) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,775 shares of the technology company’s stock after selling 100 shares during the period. Morse Asset Management Inc’s holdings in Fair Isaac were worth $871,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fair Isaac by 0.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,122 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 41 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Fair Isaac by 0.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,370 shares of the technology company’s stock valued at $1,686,000 after buying an additional 50 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fair Isaac by 2.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,946 shares of the technology company’s stock valued at $611,000 after buying an additional 55 shares during the period. MetLife Investment Advisors LLC boosted its position in Fair Isaac by 0.4% during the 1st quarter. MetLife Investment Advisors LLC now owns 17,722 shares of the technology company’s stock valued at $4,814,000 after buying an additional 67 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Fair Isaac by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,596 shares of the technology company’s stock valued at $815,000 after buying an additional 92 shares during the period. 84.57% of the stock is owned by institutional investors.

FICO traded down $19.35 during trading on Tuesday, hitting $338.55. 26,503 shares of the stock traded hands, compared to its average volume of 210,244. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 77.55 and a beta of 1.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average price of $339.34. Fair Isaac Co. has a 12-month low of $170.26 and a 12-month high of $371.81.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The business had revenue of $314.20 million during the quarter, compared to analysts’ expectations of $292.88 million. During the same quarter in the prior year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that Fair Isaac Co. will post 4.92 EPS for the current fiscal year.

In other Fair Isaac news, CFO Michael J. Pung sold 7,996 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $308.03, for a total value of $2,463,007.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Lansing sold 16,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 75,242 shares of company stock valued at $24,773,381 over the last 90 days. Company insiders own 6.10% of the company’s stock.

Several brokerages have weighed in on FICO. Zacks Investment Research cut shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Wells Fargo & Co increased their price target on shares of Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st.

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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