GW&K Investment Management LLC acquired a new stake in shares of Fair Isaac Co. (NYSE:FICO – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,317 shares of the technology company’s stock, valued at approximately $12,280,000. GW&K Investment Management LLC owned approximately 0.11% of Fair Isaac as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of FICO. Frontier Capital Management Co. LLC bought a new position in Fair Isaac during the fourth quarter valued at approximately $100,216,000. Marathon Asset Mgmt Ltd bought a new position in Fair Isaac during the fourth quarter valued at approximately $97,137,000. Allspring Global Investments Holdings LLC bought a new position in Fair Isaac during the fourth quarter valued at approximately $60,173,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Fair Isaac during the fourth quarter valued at approximately $57,882,000. Finally, Handelsbanken Fonder AB raised its position in Fair Isaac by 63.4% during the fourth quarter. Handelsbanken Fonder AB now owns 169,241 shares of the technology company’s stock valued at $73,395,000 after acquiring an additional 65,640 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
In other Fair Isaac news, Director Joanna Rees sold 253 shares of Fair Isaac stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $468.52, for a total transaction of $118,535.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael S. Leonard sold 786 shares of Fair Isaac stock in a transaction on Friday, March 18th. The stock was sold at an average price of $489.39, for a total transaction of $384,660.54. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.
Fair Isaac (NYSE:FICO – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The technology company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.72. The business had revenue of $357.20 million for the quarter, compared to the consensus estimate of $337.63 million. Fair Isaac had a net margin of 31.52% and a negative return on equity of 113.66%. Fair Isaac’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.30 earnings per share. Equities analysts predict that Fair Isaac Co. will post 12.5 earnings per share for the current fiscal year.
FICO has been the topic of several recent research reports. Zacks Investment Research lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Monday, February 21st. Needham & Company LLC lifted their price target on shares of Fair Isaac from $590.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, January 28th. Jefferies Financial Group lifted their price target on shares of Fair Isaac from $529.00 to $588.00 and gave the company a “buy” rating in a research report on Friday, March 4th. StockNews.com initiated coverage on shares of Fair Isaac in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Barclays dropped their price target on shares of Fair Isaac from $670.00 to $575.00 in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $543.14.
Fair Isaac Profile (Get Rating)
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
- Get a free copy of the StockNews.com research report on Fair Isaac (FICO)
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