1,893 Shares in Fair Isaac Co. (NYSE:FICO) Purchased by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC purchased a new position in shares of Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,893 shares of the technology company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Fair Isaac by 0.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,122 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 41 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Fair Isaac by 0.4% during the 1st quarter. MetLife Investment Advisors LLC now owns 17,722 shares of the technology company’s stock valued at $4,814,000 after acquiring an additional 67 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Fair Isaac by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,596 shares of the technology company’s stock valued at $815,000 after acquiring an additional 92 shares in the last quarter. Arizona State Retirement System grew its stake in Fair Isaac by 0.4% during the 1st quarter. Arizona State Retirement System now owns 20,875 shares of the technology company’s stock valued at $5,670,000 after acquiring an additional 93 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Fair Isaac by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the technology company’s stock valued at $2,119,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 83.92% of the company’s stock.

In other news, insider William J. Lansing sold 16,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $302.11, for a total value of $4,833,760.00. Following the completion of the sale, the insider now owns 282,557 shares of the company’s stock, valued at approximately $85,363,295.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael J. Pung sold 7,996 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $339.83, for a total transaction of $2,717,280.68. The disclosure for this sale can be found here. In the last three months, insiders sold 63,992 shares of company stock valued at $20,722,369. Corporate insiders own 6.10% of the company’s stock.

Shares of Fair Isaac stock traded down $0.58 during mid-day trading on Wednesday, hitting $343.96. The stock had a trading volume of 4,881 shares, compared to its average volume of 207,158. The firm’s 50-day simple moving average is $332.54. Fair Isaac Co. has a 12-month low of $170.26 and a 12-month high of $371.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.25. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 79.52 and a beta of 1.20.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.26 by $1.24. Fair Isaac had a net margin of 16.57% and a return on equity of 63.47%. The business had revenue of $314.20 million during the quarter, compared to analysts’ expectations of $292.88 million. During the same quarter in the prior year, the company posted $1.51 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities research analysts anticipate that Fair Isaac Co. will post 4.92 earnings per share for the current year.

FICO has been the subject of several research reports. Wells Fargo & Co upped their price objective on shares of Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 3rd.

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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Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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