Schwab Charles Investment Management Inc. Buys 20,137 Shares of Fair Isaac Corporation (FICO)

Schwab Charles Investment Management Inc. boosted its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,460 shares of the technology company’s stock after purchasing an additional 20,137 shares during the period. Schwab Charles Investment Management Inc. owned 0.80% of Fair Isaac Corporation worth $34,638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tyers Asset Management LLC lifted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock valued at $120,000 after buying an additional 48 shares during the last quarter. Elkfork Partners LLC lifted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock valued at $165,000 after buying an additional 66 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock valued at $209,000 after buying an additional 84 shares during the last quarter. Creative Planning lifted its position in shares of Fair Isaac Corporation by 283.1% in the second quarter. Creative Planning now owns 1,659 shares of the technology company’s stock valued at $231,000 after buying an additional 1,226 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Fair Isaac Corporation in the first quarter valued at approximately $232,000. 89.26% of the stock is owned by hedge funds and other institutional investors.

FICO has been the subject of a number of recent analyst reports. BidaskClub raised Fair Isaac Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Wells Fargo & Company raised their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

In related news, Director David A. Rey sold 7,340 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the transaction, the director now owns 15,714 shares in the company, valued at $2,203,888.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Rey sold 2,660 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the transaction, the director now owns 11,034 shares in the company, valued at approximately $1,549,945.98. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Fair Isaac Corporation (NYSE FICO) opened at 142.08 on Wednesday. The stock’s 50 day moving average price is $140.36 and its 200-day moving average price is $135.36. Fair Isaac Corporation has a 52 week low of $109.77 and a 52 week high of $147.02. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 38.09 and a beta of 1.22.

Fair Isaac Corporation (NYSE:FICO) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The firm had revenue of $231.00 million during the quarter, compared to analysts’ expectations of $237.07 million. During the same quarter in the previous year, the company posted $1.45 EPS. Fair Isaac Corporation’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that Fair Isaac Corporation will post $4.94 earnings per share for the current fiscal year.

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Fair Isaac Corporation Company Profile

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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

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