Jane Street Group LLC Buys New Holdings in Fair Isaac Co. (FICO)
Jane Street Group LLC bought a new position in Fair Isaac Co. (NYSE:FICO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 92,482 shares of the technology company’s stock, valued at approximately $17,879,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Valley Forge Capital Management LP bought a new position in shares of Fair Isaac during the second quarter valued at $61,684,000. Millennium Management LLC lifted its holdings in shares of Fair Isaac by 307.3% during the second quarter. Millennium Management LLC now owns 192,104 shares of the technology company’s stock valued at $37,138,000 after purchasing an additional 144,938 shares in the last quarter. Paloma Partners Management Co lifted its holdings in shares of Fair Isaac by 2,551.1% during the second quarter. Paloma Partners Management Co now owns 85,099 shares of the technology company’s stock valued at $16,451,000 after purchasing an additional 81,889 shares in the last quarter. First Quadrant L P CA lifted its holdings in shares of Fair Isaac by 2,316.1% during the second quarter. First Quadrant L P CA now owns 63,206 shares of the technology company’s stock valued at $12,219,000 after purchasing an additional 60,590 shares in the last quarter. Finally, AKO Capital LLP lifted its holdings in shares of Fair Isaac by 14.8% during the second quarter. AKO Capital LLP now owns 403,978 shares of the technology company’s stock valued at $78,097,000 after purchasing an additional 52,052 shares in the last quarter. 88.36% of the stock is currently owned by institutional investors and hedge funds.
In other Fair Isaac news, insider Richard Deal sold 25,001 shares of the stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $201.88, for a total value of $5,047,201.88. Following the transaction, the insider now owns 73,489 shares of the company’s stock, valued at $14,835,959.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Wehmann sold 20,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total value of $4,712,600.00. Following the completion of the transaction, the insider now directly owns 109,726 shares in the company, valued at approximately $25,854,737.38. The disclosure for this sale can be found here. In the last three months, insiders sold 167,139 shares of company stock worth $35,712,489. 5.60% of the stock is owned by corporate insiders.
Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, July 26th. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.49. Fair Isaac had a return on equity of 39.61% and a net margin of 13.12%. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $257.49 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. Fair Isaac’s revenue was up 12.3% on a year-over-year basis. equities analysts predict that Fair Isaac Co. will post 4.5 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. ValuEngine raised Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Fair Isaac from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Barclays upped their price target on Fair Isaac from $190.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co upped their price target on Fair Isaac from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $208.50.
Fair Isaac 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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