Insider Selling: Fair Isaac Corporation (NYSE:FICO) CEO Sells 3,811 Shares of Stock

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. This trade represents a 7.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Fair Isaac Stock Performance

Fair Isaac stock traded down $43.68 during midday trading on Friday, hitting $1,540.70. 379,480 shares of the company's stock were exchanged, compared to its average volume of 204,039. Fair Isaac Corporation has a 52-week low of $1,484.29 and a 52-week high of $2,402.52. The stock has a 50-day moving average price of $1,845.09 and a two-hundred day moving average price of $1,859.90. The company has a market cap of $37.50 billion, a P/E ratio of 66.35, a PEG ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same period in the prior year, the business earned $6.14 EPS. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has initiated a share repurchase program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FICO shares. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Barclays cut their target price on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a research report on Wednesday. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Jefferies Financial Group restated a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Oppenheimer boosted their target price on Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $2,263.29.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors have recently bought and sold shares of FICO. Nebula Research & Development LLC bought a new position in Fair Isaac during the 4th quarter valued at approximately $2,540,000. CWA Asset Management Group LLC raised its position in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after purchasing an additional 19 shares during the last quarter. QRG Capital Management Inc. raised its position in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares during the last quarter. Brighton Jones LLC raised its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after purchasing an additional 50 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.