William J. Lansing Sells 2,200 Shares of Fair Isaac Corporation (NYSE:FICO) Stock

Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William J. Lansing sold 2,200 shares of Fair Isaac stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $1,780.48, for a total transaction of $3,917,056.00. Following the sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $75,025,866.24. The trade was a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Fair Isaac Stock Down 2.8%

Shares of NYSE:FICO traded down $43.68 during midday trading on Friday, hitting $1,540.70. The stock had a trading volume of 379,480 shares, compared to its average volume of 203,702. The company's 50-day moving average price is $1,845.09 and its 200-day moving average price is $1,861.59. The company has a market capitalization of $37.50 billion, a P/E ratio of 66.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. Fair Isaac Corporation has a fifty-two week low of $1,484.29 and a fifty-two week high of $2,402.52.

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

Fair Isaac declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on FICO shares. Barclays reduced their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective for the company. Finally, Oppenheimer lifted their price objective on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $2,263.29.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently made changes to their positions in FICO. Rakuten Securities Inc. increased its position in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after purchasing an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Fair Isaac during the 4th quarter worth approximately $26,000. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac during the 1st quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new position in Fair Isaac during the 1st quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. increased its position in Fair Isaac by 41.7% during the 1st 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. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.