Fair Isaac Corporation $FICO Position Cut by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its position in Fair Isaac Corporation (NYSE:FICO) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,053 shares of the technology company’s stock after selling 1,844 shares during the period. Riverbridge Partners LLC owned approximately 0.11% of Fair Isaac worth $13,658,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Fair Isaac during the second quarter worth $2,491,517,000. Primecap Management Co. CA acquired a new position in shares of Fair Isaac in the 2nd quarter valued at $433,508,000. Van ECK Associates Corp increased its position in shares of Fair Isaac by 95.0% in the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock valued at $267,389,000 after buying an additional 109,027 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Fair Isaac by 9.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company’s stock valued at $187,798,000 after buying an additional 14,792 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Fair Isaac in the 2nd quarter valued at $173,157,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on FICO shares. JPMorgan Chase & Co. reduced their target price on Fair Isaac from $900.00 to $800.00 and set a “neutral” rating on the stock in a report on Thursday, November 5th. Griffin Securities set a $897.00 target price on Fair Isaac in a research note on Monday, October 26th. Mizuho set a $901.00 price target on Fair Isaac in a report on Friday. The Goldman Sachs Group set a $1,322.00 price target on Fair Isaac in a research report on Tuesday, September 29th. Finally, Barclays cut their price objective on Fair Isaac from $875.00 to $800.00 and set an “overweight” 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $917.44.

Fair Isaac Stock Up 0.7%

Shares of FICO stock opened at $728.56 on Wednesday. The firm has a fifty day moving average of $810.61 and a 200-day moving average of $1,098.90. Fair Isaac Corporation has a 12-month low of $586.05 and a 12-month high of $1,858.91. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.06 and a beta of 1.36.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, beating the consensus estimate of $10.69 by $0.41. The business had revenue of $657.05 million for the quarter, compared to analysts’ expectations of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.74 EPS. On average, equities analysts expect that Fair Isaac Corporation will post 40.03 EPS for the current 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.