Coastline Trust Co cut its position in shares of Fair Isaac Co. (NYSE:FICO) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,630 shares of the technology company’s stock after selling 1,020 shares during the quarter. Coastline Trust Co’s holdings in Fair Isaac were worth $2,344,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Ellis Investment Partners LLC purchased a new stake in Fair Isaac during the 1st quarter valued at about $94,000. Boston Financial Mangement LLC boosted its holdings in Fair Isaac by 3.7% during the 1st quarter. Boston Financial Mangement LLC now owns 95,437 shares of the technology company’s stock valued at $25,924,000 after acquiring an additional 3,401 shares during the period. Creative Planning boosted its holdings in Fair Isaac by 24.0% during the 1st quarter. Creative Planning now owns 1,335 shares of the technology company’s stock valued at $363,000 after acquiring an additional 258 shares during the period. Brinker Capital Inc. purchased a new stake in Fair Isaac during the 1st quarter valued at about $236,000. Finally, Strs Ohio purchased a new stake in Fair Isaac during the 1st quarter valued at about $387,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.
In other Fair Isaac news, CAO Michael S. Leonard sold 2,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $235.38, for a total value of $470,760.00. Following the completion of the sale, the chief accounting officer now owns 10,611 shares in the company, valued at approximately $2,497,617.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark R. Scadina sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $232.25, for a total value of $2,322,500.00. Following the completion of the sale, the executive vice president now owns 23,942 shares of the company’s stock, valued at approximately $5,560,529.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,447 shares of company stock valued at $10,545,512. Company insiders own 6.10% of the company’s stock.
Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.03. Fair Isaac had a return on equity of 46.97% and a net margin of 14.64%. The business had revenue of $262.30 million during the quarter, compared to analysts’ expectations of $263.93 million. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Sell-side analysts predict that Fair Isaac Co. will post 4.62 earnings per share for the current year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Fair Isaac from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Barclays increased their target price on Fair Isaac from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, March 11th. Finally, ValuEngine upgraded Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd.
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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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