Eqis Capital Management Inc. Reduces Stock Position in Fair Isaac Co. (NYSE:FICO)

Eqis Capital Management Inc. decreased its stake in Fair Isaac Co. (NYSE:FICO) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,269 shares of the technology company’s stock after selling 268 shares during the quarter. Eqis Capital Management Inc.’s holdings in Fair Isaac were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FICO. Macquarie Group Ltd. boosted its holdings 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 worth $28,000 after purchasing an additional 135 shares during the period. Toronto Dominion Bank purchased a new position in Fair Isaac during the 1st quarter valued at $54,000. Ellis Investment Partners LLC purchased a new position in Fair Isaac during the 1st quarter valued at $94,000. Cleararc Capital Inc. purchased a new position in Fair Isaac during the 1st quarter valued at $203,000. Finally, Cigna Investments Inc. New purchased a new position in Fair Isaac during the 1st quarter valued at $223,000. Hedge funds and other institutional investors own 84.57% of the company’s stock.

A number of research firms recently issued reports on FICO. Wells Fargo & Co boosted their price objective on Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Zacks Investment Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 3rd.

FICO opened at $340.98 on Friday. The business has a fifty day moving average of $341.66 and a 200 day moving average of $290.63. Fair Isaac Co. has a 52-week low of $170.26 and a 52-week high of $371.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. The stock has a market cap of $9.75 billion, a P/E ratio of 78.57 and a beta of 1.20.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $1.24. The business had revenue of $314.20 million during the quarter, compared to analyst estimates of $292.88 million. Fair Isaac had a return on equity of 63.47% and a net margin of 16.57%. Fair Isaac’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. Equities analysts anticipate that Fair Isaac Co. will post 4.92 EPS for the current fiscal year.

In other Fair Isaac news, VP Michael J. Pung sold 7,996 shares of Fair Isaac stock in a transaction on Friday, August 9th. The stock was sold at an average price of $365.62, for a total transaction of $2,923,497.52. 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 business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $302.11, for a total value of $4,833,760.00. Following the completion of the transaction, the insider now directly owns 282,557 shares of the company’s stock, valued at $85,363,295.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,238 shares of company stock valued at $27,696,879. 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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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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