Marshall Wace LLP reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,923 shares of the technology company’s stock after selling 1,653 shares during the quarter. Marshall Wace LLP’s holdings in Fair Isaac were worth $1,532,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Prana Capital Management LP acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $9,107,000. Paloma Partners Management Co boosted its position in shares of Fair Isaac by 2,551.1% during the 2nd quarter. Paloma Partners Management Co now owns 85,099 shares of the technology company’s stock worth $16,451,000 after acquiring an additional 81,889 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $786,000. Flagship Harbor Advisors LLC acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $192,000. Finally, Morgan Stanley boosted its position in shares of Fair Isaac by 4.2% during the 2nd quarter. Morgan Stanley now owns 203,426 shares of the technology company’s stock worth $39,326,000 after acquiring an additional 8,254 shares in the last quarter. 88.33% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on FICO shares. Zacks Investment Research raised Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $230.00 price objective for the company in a research report on Tuesday, July 31st. ValuEngine cut Fair Isaac from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Barclays boosted their target price on Fair Isaac from $190.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co boosted their target price on Fair Isaac from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $208.50.

In other Fair Isaac news, CAO Michael S. Leonard sold 3,012 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $203.19, for a total transaction of $612,008.28. Following the completion of the sale, the chief accounting officer now directly owns 10,206 shares of the company’s stock, valued at approximately $2,073,757.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard Deal sold 25,001 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $201.88, for a total value of $5,047,201.88. Following the sale, the insider now directly owns 73,489 shares of the company’s stock, valued at $14,835,959.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,639 shares of company stock valued at $40,301,204. 5.80% of the stock is owned by company insiders.

Shares of Fair Isaac stock traded up $3.57 on Friday, hitting $206.75. The stock had a trading volume of 270,460 shares, compared to its average volume of 210,230. Fair Isaac Co. has a 52-week low of $141.90 and a 52-week high of $241.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $6.66 billion, a P/E ratio of 51.95, a PEG ratio of 5.08 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, July 26th. The technology company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.49. Fair Isaac had a return on equity of 39.61% and a net margin of 13.12%. The business had revenue of $259.50 million during the quarter, compared to the consensus estimate of $257.49 million. During the same period in the previous year, the business earned $1.16 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Fair Isaac Co. will post 4.5 earnings per share for the current year.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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

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