Fair Isaac (NYSE:FICO) Shares Gap Down - Here's What Happened

Fair Isaac Co. (NYSE:FICO - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $2,027.00, but opened at $1,964.60. Fair Isaac shares last traded at $1,767.94, with a volume of 102,955 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Oppenheimer boosted their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird upped their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Bank of America started coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Finally, Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $2,299.31.

Fair Isaac Price Performance

The firm has a 50 day moving average of $1,930.06 and a two-hundred day moving average of $1,987.21. The stock has a market cap of $41.15 billion, a PE ratio of 77.59, a PEG ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping 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 30.66% and a negative return on equity of 53.40%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.14 EPS. As a group, equities analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 592 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the sale, the director now owns 242 shares of the company's stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock worth $35,250,629 in the last quarter. 3.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. raised its stake in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $26,000. Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Fair Isaac in the first quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the first quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. raised its position in Fair Isaac by 41.7% during the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after buying an additional 5 shares during the last quarter. 85.75% of the stock is 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.

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