PNC Financial Services Group Inc. Sells 89 Shares of Fair Isaac Co. (NYSE:FICO)

PNC Financial Services Group Inc. cut its holdings in Fair Isaac Co. (NYSE:FICO) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,623 shares of the technology company’s stock after selling 89 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fair Isaac were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FICO. FMR LLC boosted its stake in Fair Isaac by 3,261.9% in the first quarter. FMR LLC now owns 26,525 shares of the technology company’s stock valued at $7,205,000 after acquiring an additional 25,736 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Fair Isaac by 13.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,415 shares of the technology company’s stock valued at $2,722,000 after acquiring an additional 655 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Fair Isaac by 90.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 484 shares of the technology company’s stock valued at $243,000 after acquiring an additional 230 shares during the last quarter. Van ECK Associates Corp boosted its stake in Fair Isaac by 21.7% in the second quarter. Van ECK Associates Corp now owns 2,505 shares of the technology company’s stock valued at $1,259,000 after acquiring an additional 447 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Fair Isaac by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,789 shares of the technology company’s stock valued at $7,434,000 after acquiring an additional 5,804 shares during the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FICO opened at $436.44 on Friday. Fair Isaac Co. has a 12 month low of $342.89 and a 12 month high of $553.97. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 6.46. The company’s fifty day simple moving average is $403.77 and its 200 day simple moving average is $437.79. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 32.55 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, November 10th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $1.55. Fair Isaac had a net margin of 29.78% and a return on equity of 205.21%. The business had revenue of $334.58 million for the quarter, compared to analyst estimates of $349.20 million. During the same period last year, the business posted $2.78 earnings per share. Research analysts expect that Fair Isaac Co. will post 12.72 earnings per share for the current fiscal year.

In other Fair Isaac news, Director Joanna Rees sold 250 shares of Fair Isaac stock in a transaction on Monday, November 1st. The shares were sold at an average price of $398.52, for a total value of $99,630.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 456 shares of Fair Isaac stock in a transaction on Tuesday, December 14th. The shares were sold at an average price of $408.10, for a total transaction of $186,093.60. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Fair Isaac from $550.00 to $463.00 and set a “sector perform” rating on the stock in a research note on Friday, October 8th. They noted that the move was a valuation call. Jefferies Financial Group upgraded shares of Fair Isaac to a “buy” rating and set a $522.00 target price on the stock in a report on Tuesday, December 21st. Robert W. Baird increased their target price on shares of Fair Isaac from $488.00 to $535.00 in a report on Tuesday, January 4th. Needham & Company LLC increased their target price on shares of Fair Isaac from $550.00 to $590.00 and gave the stock a “buy” rating in a report on Thursday, January 6th. Finally, Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $464.00 target price on the stock in a report on Wednesday, November 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Buy” and a consensus price target of $547.63.

Fair Isaac Profile

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.

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

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