Fair Isaac Corporation $FICO Stake Reduced by Bamco Inc. NY

Bamco Inc. NY decreased its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,910 shares of the technology company’s stock after selling 5,330 shares during the period. Bamco Inc. NY owned approximately 0.34% of Fair Isaac worth $147,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Westside Investment Management Inc. acquired a new position in Fair Isaac in the second quarter worth approximately $26,000. ORG Partners LLC bought a new stake in shares of Fair Isaac during the 2nd quarter worth $27,000. Hilltop National Bank acquired a new position in shares of Fair Isaac in the 2nd quarter worth $27,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac during the first quarter worth $28,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Fair Isaac during the second quarter valued at $31,000. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group cut their price objective on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Robert W. Baird upped their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research note on Thursday, October 2nd. Finally, Zacks Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,076.77.

Fair Isaac Stock Performance

Shares of FICO opened at $1,844.13 on Friday. The company has a market capitalization of $43.72 billion, a PE ratio of 69.46, a PEG ratio of 2.02 and a beta of 1.29. The company’s 50 day moving average price is $1,716.12 and its 200 day moving average price is $1,631.49. Fair Isaac Corporation has a 52 week low of $1,300.00 and a 52 week high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The company had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same quarter in the prior year, the firm earned $6.54 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares in the company, valued at $18,945,577.04. The trade was a 18.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 8,411 shares of company stock worth $13,985,026 over the last ninety days. 3.46% of the stock is currently owned by company insiders.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.