Fair Isaac (NYSE:FICO) Trading Down 7.4% - Should You Sell?

Fair Isaac Co. (NYSE:FICO - Get Free Report) traded down 7.4% during mid-day trading on Tuesday . The company traded as low as $1,711.43 and last traded at $1,568.85. 23,747 shares traded hands during trading, a decline of 87% from the average session volume of 180,476 shares. The stock had previously closed at $1,694.36.

Analyst Ratings Changes

FICO has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Oppenheimer boosted their price objective on shares of 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. Finally, Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Price Performance

The company has a market cap of $42.11 billion, a P/E ratio of 79.39, a P/E/G ratio of 3.27 and a beta of 1.40. The stock's 50-day moving average is $1,899.42 and its two-hundred day moving average is $1,960.03.

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, beating analysts' consensus estimates of $7.33 by $0.48. The company had revenue of $498.74 million for 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 firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 earnings per share. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction that occurred 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 directly owns 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,933 shares of company stock valued at $35,250,629. Insiders own 3.46% of the company's stock.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. increased 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 worth $31,000 after purchasing an additional 5 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Fair Isaac by 4.6% in the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after purchasing an additional 5 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Fair Isaac by 2.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after purchasing an additional 6 shares in the last quarter. Mather Group LLC. increased its stake in shares of Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after purchasing an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after acquiring an additional 6 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.