Fair Isaac Co. (FICO) Shares Sold by Hillsdale Investment Management Inc.
Hillsdale Investment Management Inc. lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 73.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,036 shares of the technology company’s stock after selling 5,564 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Fair Isaac were worth $465,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of FICO. First Hawaiian Bank purchased a new position in shares of Fair Isaac during the 3rd quarter valued at about $155,000. Flagship Harbor Advisors LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $192,000. Meridian Investment Counsel Inc. purchased a new position in Fair Isaac in the 2nd quarter worth approximately $203,000. Bowling Portfolio Management LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $204,000. Finally, Commonwealth Equity Services LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 84.96% of the company’s stock.
FICO opened at $177.20 on Wednesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.80 and a current ratio of 0.80. Fair Isaac Co. has a 52-week low of $152.46 and a 52-week high of $241.10. The company has a market cap of $5.25 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43.
In other Fair Isaac news, insider Stuart Wells sold 10,500 shares of the business’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $230.03, for a total value of $2,415,315.00. Following the sale, the insider now directly owns 49,271 shares of the company’s stock, valued at $11,333,808.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A George Battle bought 5,230 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average cost of $190.57 per share, for a total transaction of $996,681.10. The disclosure for this purchase can be found here. Insiders have sold 102,979 shares of company stock worth $22,060,516 over the last 90 days. 5.80% of the stock is currently owned by corporate insiders.
FICO has been the topic of a number of analyst reports. Wells Fargo & Co set a $250.00 price target on Fair Isaac and gave the stock a “buy” rating in a research note on Sunday, November 4th. Zacks Investment Research cut Fair Isaac from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, ValuEngine raised Fair Isaac from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Fair Isaac currently has an average rating of “Hold” and a consensus target price of $208.50.
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Fair Isaac Company 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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