Ramsey Quantitative Systems Invests $437,000 in Fair Isaac Co. (FICO)

Ramsey Quantitative Systems bought a new stake in shares of Fair Isaac Co. (NYSE:FICO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,911 shares of the technology company’s stock, valued at approximately $437,000. Fair Isaac accounts for about 0.4% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of FICO. AKO Capital LLP lifted its stake in Fair Isaac by 14.8% in the second quarter. AKO Capital LLP now owns 403,978 shares of the technology company’s stock worth $78,097,000 after acquiring an additional 52,052 shares during the period. Brown Advisory Inc. lifted its stake in Fair Isaac by 1.1% in the second quarter. Brown Advisory Inc. now owns 321,200 shares of the technology company’s stock worth $62,094,000 after acquiring an additional 3,588 shares during the period. Valley Forge Capital Management LP purchased a new stake in Fair Isaac in the second quarter worth about $61,684,000. Janus Henderson Group PLC lifted its stake in Fair Isaac by 4.9% in the second quarter. Janus Henderson Group PLC now owns 249,283 shares of the technology company’s stock worth $48,191,000 after acquiring an additional 11,710 shares during the period. Finally, Morgan Stanley lifted its stake in Fair Isaac by 4.2% in the second 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 during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.

In other news, insider James M. Wehmann sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total transaction of $4,712,600.00. Following the transaction, the insider now owns 109,726 shares in the company, valued at $25,854,737.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard Deal sold 25,001 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $201.88, for a total transaction of $5,047,201.88. Following the transaction, the insider now owns 73,489 shares in the company, valued at approximately $14,835,959.32. The disclosure for this sale can be found here. Insiders sold 167,639 shares of company stock valued at $36,194,804 over the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Fair Isaac stock traded down $1.18 during trading hours on Wednesday, reaching $212.76. The stock had a trading volume of 154,600 shares, compared to its average volume of 210,123. The company has a market capitalization of $6.66 billion, a PE ratio of 53.42, a P/E/G ratio of 5.08 and a beta of 1.28. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.84 and a current ratio of 0.84. Fair Isaac Co. has a 52 week low of $141.90 and a 52 week high of $241.10.

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

A number of equities analysts have commented on FICO shares. Zacks Investment Research upgraded shares of Fair Isaac from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. ValuEngine downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Barclays boosted their target price on shares of Fair Isaac from $190.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co boosted their target price on shares of Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $208.50.

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.

Further Reading: Index Funds

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

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