Candriam S.C.A. boosted its stake in Fair Isaac Corporation (NYSE:FICO – Free Report) by 287.4% during the third quarter, HoldingsChannel reports. The firm owned 8,898 shares of the technology company’s stock after buying an additional 6,601 shares during the period. Candriam S.C.A.’s holdings in Fair Isaac were worth $5,291,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in Fair Isaac in the 1st quarter worth approximately $29,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $30,000. Versant Capital Management Inc lifted its holdings in shares of Fair Isaac by 52.3% during the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Fair Isaac by 28.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company’s stock worth $99,000 after acquiring an additional 37 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of Fair Isaac during the 2nd quarter worth $100,000. 85.75% of the stock is currently owned by institutional investors.
Fair Isaac Stock Performance
FICO stock opened at $728.56 on Wednesday. The company has a market capitalization of $15.74 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. Fair Isaac Corporation has a one year low of $586.05 and a one year high of $1,858.91. The company’s 50 day moving average price is $810.61 and its two-hundred day moving average price is $1,098.90.
Fair Isaac (NYSE:FICO – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The company had revenue of $657.05 million during the quarter, compared to analysts’ expectations of $651.73 million. During the same quarter in the prior year, the company earned $7.74 EPS. The firm’s revenue was up 27.4% on a year-over-year basis. On average, research analysts predict that Fair Isaac Corporation will post 40.03 EPS for the current year.
Analyst Upgrades and Downgrades
FICO has been the subject of several research reports. UBS Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, November 5th. Wells Fargo & Company lowered their price target on Fair Isaac from $735.00 to $650.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 5th. Zacks Research lowered Fair Isaac from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada cut Fair Isaac from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $1,045.00 to $770.00 in a report on Thursday, November 5th. Finally, Jefferies Financial Group cut their price objective on Fair Isaac from $1,675.00 to $925.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $917.44.
Get Our Latest Analysis on FICO
About Fair Isaac
Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.
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