Fair Isaac (NYSE:FICO) Shares Down 3.5% - Time to Sell?

Fair Isaac Corporation (NYSE:FICO - Get Free Report) shares fell 3.5% on Thursday . The company traded as low as $1,848.02 and last traded at $1,826.86. 16,324 shares were traded during mid-day trading, a decline of 92% from the average session volume of 192,786 shares. The stock had previously closed at $1,893.45.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FICO. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Oppenheimer upped their price target on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $2,575.00 price objective on shares of Fair Isaac in a research report on Friday, June 20th. Bank of America started coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Finally, Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Stock Performance

The business's 50 day simple moving average is $1,885.60 and its 200-day simple moving average is $1,889.64. The company has a market cap of $44.22 billion, a price-to-earnings ratio of 78.25, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $6.14 earnings per share. The business's revenue for the quarter was up 15.0% on a year-over-year basis. Research 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 plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer now directly owns 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock worth $40,543,770 in the last quarter. 3.46% of the stock is currently owned by company insiders.

Institutional Trading of Fair Isaac

Several large investors have recently made changes to their positions in the business. AG2R LA Mondiale Gestion D Actifs acquired a new position in Fair Isaac during the 1st quarter worth about $1,690,000. Voya Investment Management LLC lifted its position in shares of Fair Isaac by 8.7% during the first quarter. Voya Investment Management LLC now owns 36,199 shares of the technology company's stock worth $66,757,000 after purchasing an additional 2,908 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Fair Isaac by 3.2% during the first quarter. Inspire Investing LLC now owns 2,386 shares of the technology company's stock valued at $4,400,000 after purchasing an additional 73 shares during the last quarter. Strs Ohio acquired a new stake in shares of Fair Isaac in the first quarter valued at approximately $9,774,000. Finally, Intech Investment Management LLC increased its holdings in shares of Fair Isaac by 22.3% in the first quarter. Intech Investment Management LLC now owns 35,091 shares of the technology company's stock valued at $64,713,000 after purchasing an additional 6,389 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

About Fair Isaac

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.