Comerica Bank decreased its stake in Fair Isaac Co. (NYSE:FICO) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,528 shares of the technology company’s stock after selling 4,070 shares during the period. Comerica Bank owned 0.06% of Fair Isaac worth $3,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Hawaiian Bank acquired a new stake in Fair Isaac in the 3rd quarter valued at approximately $155,000. Flagship Harbor Advisors LLC acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $192,000. Meridian Investment Counsel Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $203,000. Bowling Portfolio Management LLC acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $204,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Fair Isaac in the 2nd quarter valued at approximately $205,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director A George Battle purchased 5,230 shares of the stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $190.57 per share, for a total transaction of $996,681.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James M. Wehmann sold 10,000 shares of Fair Isaac stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $220.75, for a total value of $2,207,500.00. Following the transaction, the insider now owns 99,726 shares in the company, valued at $22,014,514.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,979 shares of company stock worth $24,268,016. 5.60% of the stock is owned by insiders.

FICO has been the topic of several analyst reports. Wells Fargo & Co set a $250.00 target price on Fair Isaac and gave the company a “buy” rating in a research report on Sunday, November 4th. ValuEngine cut Fair Isaac from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $208.50.

Shares of FICO stock opened at $191.92 on Monday. Fair Isaac Co. has a 1 year low of $152.00 and a 1 year high of $241.10. The firm has a market cap of $5.56 billion, a PE ratio of 44.22, a PEG ratio of 3.92 and a beta of 1.43. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.84 and a current ratio of 0.80.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.13). Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The firm had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. During the same quarter last year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Fair Isaac Co. will post 4.89 earnings per share for the current year.

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About Fair Isaac

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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