Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction 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 owned 44,338 shares of the company's stock, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Fair Isaac Stock Performance
Shares of Fair Isaac stock traded down $43.68 on Friday, reaching $1,540.70. 379,480 shares of the stock were exchanged, compared to its average volume of 203,702. The firm's 50 day moving average is $1,845.09 and its 200-day moving average is $1,861.59. Fair Isaac Corporation has a one year low of $1,484.29 and a one year high of $2,402.52. The firm has a market cap of $37.50 billion, a PE ratio of 66.35, a P/E/G ratio of 2.54 and a beta of 1.28.
Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 EPS. On average, equities research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.
Fair Isaac declared that its board has initiated a stock buyback plan on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On Fair Isaac
Several large investors have recently modified their holdings of FICO. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at $26,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac in the first quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac in the first quarter valued at $30,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares in the last quarter. Institutional investors own 85.75% of the company's stock.
Analyst Ratings Changes
FICO has been the subject of a number of research reports. Oppenheimer lifted their price objective on Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research report on Tuesday. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Wells Fargo & Company decreased their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday. BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a research report on Thursday. Finally, Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $2,263.29.
Read Our Latest Report on FICO
About Fair Isaac
(
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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.
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