Forex
Royal Bank Cuts FICO Stake Following Strong Earnings Report
Royal Bank of Canada (RBC) has significantly reduced its stake in Fair Isaac Corporation (FICO), selling 54,573 shares in the first quarter. This represents a decrease of 44.2% in RBC's holdings in FICO.
According to RBC's most recent 13F filing with the Securities and Exchange Commission (SEC), the firm owned approximately 0.30% of Fair Isaac worth $73,434,000 at the end of the quarter.
The company's reduced stake follows a period of strong performance for FICO, which beat earnings expectations in its fiscal third-quarter results. Earnings per share came in at $12.18, exceeding analysts' consensus estimates by $0.42, while revenue increased 25.7% year over year to $674.2 million.