Insider Selling: Fair Isaac (NYSE:FICO) CEO Sells $7,096,841.00 in Stock

Key Points

• CEO William Lansing sold 9,782 FICO shares for about $7.10 million at an average price of $725.50 under a pre-arranged Rule 10b5-1 plan. He retained 62,947 shares, a 13.45% reduction in his position.
• FICO’s latest quarterly results beat expectations: EPS was $11.10 versus $10.69 forecast, while revenue rose 27.4% year over year to $657.05 million.
• Analyst views were mixed, with nine Buy, five Hold, and three Sell ratings; MarketBeat reported an average rating of Hold and an average price target of $917.44.

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William Lansing sold 9,782 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $725.50, for a total value of $7,096,841.00. Following the completion of the sale, the chief executive officer directly owned 62,947 shares in the company, valued at approximately $45,668,048.50. This trade represents a 13.45% decrease in their position. The sale was disclosed in a legal 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 Price Performance

NYSE:FICO traded up $2.12 during midday trading on Friday, reaching $719.50. 502,183 shares of the company traded hands, compared to its average volume of 796,096. Fair Isaac Corporation has a twelve month low of $586.05 and a twelve month high of $1,858.91. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The company has a fifty day moving average price of $787.56 and a 200 day moving average price of $1,086.55.

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

Analyst Ratings Changes

Several equities analysts have recently commented on FICO shares. The Goldman Sachs Group set a $1,322.00 price target on shares of Fair Isaac in a research report on Tuesday, September 29th. BMO Capital Markets cut their price objective on shares of Fair Isaac from $1,150.00 to $897.00 and set an "outperform" rating on the stock in a research report on Monday, October 26th. Raymond James Financial reduced their target price on shares of Fair Isaac from $1,750.00 to $1,230.00 and set an "outperform" rating for the company in a research note on Tuesday, October 13th. Needham & Company LLC decreased their target price on shares of Fair Isaac from $1,100.00 to $925.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. Finally, Wells Fargo & Company dropped their price target on shares of Fair Isaac from $735.00 to $650.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 5th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Fair Isaac presently has an average rating of "Hold" and an average target price of $917.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Keating Financial Advisory Services Inc. bought a new stake in shares of Fair Isaac during the second quarter valued at about $30,000. Western Wealth Management LLC bought a new position in Fair Isaac in the 1st quarter valued at about $29,000. Versant Capital Management Inc grew its position in Fair Isaac by 120.0% in the 2nd quarter. Versant Capital Management Inc now owns 44 shares of the technology company's stock valued at $53,000 after buying an additional 24 shares in the last quarter. Clearstead Trust LLC acquired a new position in Fair Isaac during the 2nd quarter valued at about $100,000. Finally, Eastern Bank increased its stake in Fair Isaac by 177.1% during the 2nd quarter. Eastern Bank now owns 97 shares of the technology company's stock valued at $116,000 after buying an additional 62 shares during the period. 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.