Riverbridge Partners LLC lowered its position in shares of Fair Isaac Corporation (NYSE:FICO – Free Report) by 7.4% in the third quarter, HoldingsChannel reports. The fund owned 23,053 shares of the technology company’s stock after selling 1,844 shares during the period. Riverbridge Partners LLC’s holdings in Fair Isaac were worth $13,658,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Heartland Bank & Trust Co lifted its position in shares of Fair Isaac by 2.9% in the first quarter. Heartland Bank & Trust Co now owns 468 shares of the technology company’s stock worth $500,000 after purchasing an additional 13 shares in the last quarter. FNY Investment Advisers LLC grew its position in Fair Isaac by 3.6% in the second quarter. FNY Investment Advisers LLC now owns 398 shares of the technology company’s stock valued at $475,000 after purchasing an additional 14 shares in the last quarter. NewEdge Advisors LLC increased its stake in Fair Isaac by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 324 shares of the technology company’s stock valued at $387,000 after buying an additional 14 shares during the last quarter. Alps Advisors Inc. increased its stake in Fair Isaac by 1.2% in the 3rd quarter. Alps Advisors Inc. now owns 1,193 shares of the technology company’s stock valued at $707,000 after buying an additional 14 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Fair Isaac by 10.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 164 shares of the technology company’s stock valued at $196,000 after buying an additional 16 shares during the last quarter. 85.75% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FICO. Zacks Research downgraded Fair Isaac from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. UBS Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday, November 5th. Wells Fargo & Company cut their price objective on Fair Isaac from $735.00 to $650.00 and set an “equal weight” rating for the company in a report on Thursday, November 5th. Mizuho set a $901.00 target price on shares of Fair Isaac in a research note on Friday. Finally, Needham & Company LLC lowered their target price on shares of Fair Isaac from $1,100.00 to $925.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $917.44.
Read Our Latest Stock Report on Fair Isaac
Fair Isaac Price Performance
FICO opened at $728.56 on Wednesday. The business has a fifty day simple moving average of $810.61 and a 200 day simple moving average of $1,098.90. 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 1 year low of $586.05 and a 1 year high of $1,858.91.
Fair Isaac (NYSE:FICO – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, topping the consensus estimate of $10.69 by $0.41. Fair Isaac had a negative return on equity of 28.19% and a net margin of 32.94%. The firm had revenue of $657.05 million for the quarter, compared to analysts’ expectations of $651.73 million. During the same quarter last year, the business earned $7.74 EPS. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. Equities analysts anticipate that Fair Isaac Corporation will post 40.03 earnings per share for the current fiscal year.
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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