World Asset Management Inc Purchases 41 Shares of Fair Isaac Co. (FICO)
World Asset Management Inc raised its position in shares of Fair Isaac Co. (NYSE:FICO) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,922 shares of the technology company’s stock after buying an additional 41 shares during the period. World Asset Management Inc’s holdings in Fair Isaac were worth $248,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tyers Asset Management LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth approximately $105,000. Advisory Services Network LLC acquired a new position in shares of Fair Isaac during the first quarter worth approximately $142,000. Elkfork Partners LLC acquired a new position in shares of Fair Isaac during the fourth quarter worth approximately $144,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Fair Isaac during the third quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Fair Isaac during the first quarter worth approximately $219,000. 90.58% of the stock is owned by hedge funds and other institutional investors.
Fair Isaac Co. (NYSE FICO) opened at 136.57 on Tuesday. The company has a 50 day moving average of $134.03 and a 200-day moving average of $127.02. The company has a market cap of $4.23 billion, a P/E ratio of 33.96 and a beta of 1.24. Fair Isaac Co. has a one year low of $105.69 and a one year high of $139.00.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.10 by $0.05. Fair Isaac had a return on equity of 30.90% and a net margin of 14.22%. The company had revenue of $228.40 million during the quarter, compared to analyst estimates of $220.05 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Fair Isaac Co. will post $4.96 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research raised shares of Fair Isaac from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd.
In other news, CAO Michael S. Leonard sold 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.10, for a total value of $208,254.80. Following the transaction, the chief accounting officer now directly owns 5,478 shares in the company, valued at approximately $756,511.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Pung sold 699 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $130.32, for a total transaction of $91,093.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,465 shares of company stock worth $4,211,984. Company insiders own 5.60% of the company’s stock.
Fair Isaac Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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