Insider Selling: Fair Isaac Corporation (NYSE:FICO) CEO Sells 2,200 Shares of Stock

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William J. Lansing sold 2,200 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,780.48, for a total transaction of $3,917,056.00. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $75,025,866.24. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fair Isaac Trading Down 2.8%

Shares of Fair Isaac stock traded down $43.68 on Friday, reaching $1,540.70. 379,480 shares of the stock were exchanged, compared to its average volume of 204,039. Fair Isaac Corporation has a 1-year low of $1,484.29 and a 1-year high of $2,402.52. The business has a fifty day moving average price of $1,845.09 and a two-hundred day moving average price of $1,859.90. The firm has a market capitalization of $37.50 billion, a PE ratio of 66.35, a PEG ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the previous year, the business posted $6.14 earnings per share. The business's revenue was up 15.0% compared to the same quarter last year. Research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Nebula Research & Development LLC purchased a new position in Fair Isaac in the fourth quarter valued at about $2,540,000. CWA Asset Management Group LLC increased its holdings in Fair Isaac by 15.1% in the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after buying an additional 19 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after buying an additional 17 shares in the last quarter. Brighton Jones LLC increased its holdings in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock worth $258,000 after purchasing an additional 50 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday. Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research report on Wednesday. Oppenheimer boosted their price target on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Bank of America assumed coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $2,263.29.

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.