Short Interest in Fair Isaac Co. (NYSE:FICO) Expands By 19.7%

Fair Isaac Co. (NYSE:FICO) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 587,500 shares, a growth of 19.7% from the April 30th total of 490,800 shares. Based on an average daily volume of 228,800 shares, the short-interest ratio is currently 2.6 days. Approximately 2.1% of the company’s shares are short sold.

In other news, CFO Michael J. Pung sold 7,996 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $339.83, for a total transaction of $2,717,280.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. Rey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $282.82, for a total value of $2,121,150.00. Following the transaction, the director now directly owns 7,500 shares in the company, valued at $2,121,150. The disclosure for this sale can be found here. Insiders sold a total of 55,492 shares of company stock worth $17,399,839 over the last ninety days. Insiders own 6.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its holdings in Fair Isaac by 4.8% in the fourth quarter. Legal & General Group Plc now owns 35,836 shares of the technology company’s stock worth $6,702,000 after acquiring an additional 1,655 shares in the last quarter. Sawgrass Asset Management LLC lifted its holdings in shares of Fair Isaac by 115.9% during the first quarter. Sawgrass Asset Management LLC now owns 9,100 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 4,885 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Fair Isaac during the fourth quarter valued at $147,000. Fort L.P. lifted its holdings in shares of Fair Isaac by 85.4% during the fourth quarter. Fort L.P. now owns 8,663 shares of the technology company’s stock valued at $1,620,000 after purchasing an additional 3,991 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Fair Isaac by 1.0% during the first quarter. State Treasurer State of Michigan now owns 10,400 shares of the technology company’s stock valued at $2,825,000 after purchasing an additional 100 shares in the last quarter. 84.15% of the stock is currently owned by institutional investors and hedge funds.

FICO stock traded down $1.31 during midday trading on Friday, hitting $344.43. The stock had a trading volume of 198,768 shares, compared to its average volume of 212,533. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 79.36 and a beta of 1.23. The stock’s 50-day moving average price is $310.84. Fair Isaac has a 52-week low of $170.26 and a 52-week high of $346.98. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.44.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.07). Fair Isaac had a return on equity of 51.46% and a net margin of 14.47%. The firm had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $281.17 million. During the same period in the previous year, the company earned $1.50 earnings per share. Fair Isaac’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Fair Isaac will post 4.92 EPS for the current year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Wells Fargo & Co reduced their target price on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st.

About Fair Isaac

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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