Fair Isaac Co. (NYSE:FICO) CFO Sells 1,000 Shares

Fair Isaac Co. (NYSE:FICO - Get Free Report) CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer now owns 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fair Isaac Stock Performance

Shares of FICO traded down $6.32 during mid-day trading on Thursday, reaching $1,798.68. The company had a trading volume of 90,469 shares, compared to its average volume of 191,090. The company has a market capitalization of $43.78 billion, a price-to-earnings ratio of 82.55, a price-to-earnings-growth ratio of 3.27 and a beta of 1.29. The firm has a 50-day moving average price of $1,888.47 and a 200 day moving average price of $1,929.91. Fair Isaac Co. has a 52 week low of $1,331.86 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the firm earned $6.14 EPS. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts forecast that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its holdings in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings 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 during the last quarter. D.A. Davidson & CO. lifted its position in shares of Fair Isaac by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after buying an additional 6 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Fair Isaac by 1.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company's stock worth $802,000 after buying an additional 6 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in Fair Isaac by 1.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after buying an additional 6 shares during the period. Institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FICO. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target for the company. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

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.