Nisa Investment Advisors LLC Reduces Stake in Fair Isaac Corporation (FICO)
Nisa Investment Advisors LLC lowered its position in Fair Isaac Corporation (NYSE:FICO) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 6,560 shares of the technology company’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Fair Isaac Corporation were worth $898,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Tyers Asset Management LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock worth $120,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Fair Isaac Corporation during the first quarter worth about $142,000. Elkfork Partners LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after buying an additional 66 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock worth $209,000 after buying an additional 84 shares during the last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Fair Isaac Corporation during the first quarter worth about $219,000. Institutional investors own 90.56% of the company’s stock.
Shares of Fair Isaac Corporation (NYSE FICO) traded up 0.11% during midday trading on Friday, hitting $140.49. 77,465 shares of the stock were exchanged. Fair Isaac Corporation has a one year low of $109.77 and a one year high of $147.02. The stock’s 50-day moving average price is $139.67 and its 200 day moving average price is $132.59. The stock has a market cap of $4.30 billion, a P/E ratio of 37.66 and a beta of 1.20.
Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The company had revenue of $231 million for the quarter, compared to the consensus estimate of $237.07 million. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts anticipate that Fair Isaac Corporation will post $4.94 earnings per share for the current year.
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A number of equities research analysts have recently commented on FICO shares. BidaskClub upgraded shares of Fair Isaac Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Fair Isaac Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st.
In other news, Director Greg R. Gianforte sold 18,486 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the sale, the director now owns 20,877 shares in the company, valued at approximately $2,807,956.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.
About Fair Isaac Corporation
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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