Fair Isaac (NYSE:FICO) CFO Sells 1,426 Shares

by · The Markets Daily

Fair Isaac Corporation (NYSE:FICO – Get Free Report) CFO Steven Weber sold 1,426 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Fair Isaac Price Performance

NYSE:FICO traded down $13.51 during mid-day trading on Friday, hitting $1,747.90. 522,388 shares of the company’s stock were exchanged, compared to its average volume of 274,973. The company has a market cap of $41.44 billion, a PE ratio of 65.83, a P/E/G ratio of 1.95 and a beta of 1.29. Fair Isaac Corporation has a one year low of $1,300.00 and a one year high of $2,217.60. The business has a fifty day moving average price of $1,715.79 and a 200 day moving average price of $1,635.51.

Fair Isaac (NYSE:FICO – Get Free Report) last announced its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The business had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same quarter last year, the firm earned $6.54 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FICO. Westside Investment Management Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at about $26,000. ORG Partners LLC bought a new stake in Fair Isaac during the second quarter valued at approximately $27,000. Hilltop National Bank purchased a new stake in Fair Isaac during the second quarter valued at approximately $27,000. Ransom Advisory Ltd bought a new position in Fair Isaac in the third quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 66.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 8 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FICO has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. UBS Group upped their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

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About Fair Isaac

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Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.

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