Fair Isaac (NYSE:FICO) CEO William Lansing Sells 10,683 Shares of Stock

Key Points

• CEO William Lansing sold 10,683 shares for about $7.71 million at an average price of $721.30 under a pre-arranged Rule 10b5-1 plan; afterward, he held 250 shares.
• Fair Isaac beat quarterly estimates, reporting EPS of $11.10 versus $10.69 expected and revenue of $657.05 million versus $651.73 million; revenue rose 27.4% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $917.44. Shares traded at $719.50 in the article, well below their 52-week high of $1,858.91.

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William Lansing sold 10,683 shares of the company's stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $721.30, for a total transaction of $7,705,647.90. Following the completion of the transaction, the chief executive officer owned 250 shares in the company, valued at approximately $180,325. This represents a 97.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $2.12 during trading on Friday, reaching $719.50. 502,183 shares of the stock traded hands, compared to its average volume of 796,096. The stock has a 50-day moving average of $787.56 and a two-hundred day moving average of $1,086.55. Fair Isaac Corporation has a 52-week low of $586.05 and a 52-week high of $1,858.91. The stock has a market cap of $15.38 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, topping analysts' consensus estimates of $10.69 by $0.41. The company had revenue of $657.05 million during the quarter, compared to analyst estimates of $651.73 million. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The firm's revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $7.74 EPS. Sell-side analysts expect that Fair Isaac Corporation will post 40.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup reaffirmed a "neutral" rating on shares of Fair Isaac in a research report on Tuesday, October 27th. Raymond James Financial decreased their target price on Fair Isaac from $1,750.00 to $1,230.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Royal Bank Of Canada cut shares of Fair Isaac from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $1,045.00 to $770.00 in a research note on Thursday, November 5th. Robert W. Baird lowered their target price on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an "outperform" rating on the stock in a research note on Friday, October 2nd. Finally, Mizuho set a $901.00 price target on shares of Fair Isaac in a report on Friday, November 6th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $917.44.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of Fair Isaac in the first quarter worth approximately $29,000. Keating Financial Advisory Services Inc. purchased a new stake in Fair Isaac during the second quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in Fair Isaac by 52.3% during the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company's stock valued at $40,000 after buying an additional 23 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Fair Isaac by 28.5% in the third quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company's stock worth $99,000 after acquiring an additional 37 shares during the period. Finally, Clearstead Trust LLC bought a new position in Fair Isaac in the second quarter worth approximately $100,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.