Short Interest in Fair Isaac Co. (NYSE:FICO) Drops By 6.0%

Fair Isaac Co. (NYSE:FICO - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 604,500 shares, a drop of 6.0% from the April 15th total of 643,000 shares. Based on an average daily volume of 174,300 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.5% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the firm's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares of the company's stock, valued at approximately $14,414,270.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joanna Rees sold 500 shares of the firm's stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total value of $675,000.00. Following the completion of the sale, the director now directly owns 20,618 shares in the company, valued at approximately $27,834,300. The disclosure for this sale can be found here. Insiders sold 25,500 shares of company stock worth $30,941,120 over the last quarter. 3.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the first quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac in the 1st quarter worth about $26,000. OFI Invest Asset Management bought a new position in shares of Fair Isaac in the first quarter worth approximately $31,000. McGlone Suttner Wealth Management Inc. purchased a new position in Fair Isaac in the 4th quarter worth approximately $35,000. Finally, DSM Capital Partners LLC bought a new position in Fair Isaac in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. Raymond James increased their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Redburn Atlantic initiated coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a "neutral" rating and a $1,113.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,224.40.

Fair Isaac Stock Performance

FICO stock traded up $6.92 on Friday, reaching $1,411.35. The company's stock had a trading volume of 246,636 shares, compared to its average volume of 182,541. The business has a fifty day simple moving average of $1,230.29 and a two-hundred day simple moving average of $1,185.02. The firm has a market cap of $34.87 billion, a PE ratio of 72.95, a PEG ratio of 3.68 and a beta of 1.24. Fair Isaac has a 12-month low of $745.45 and a 12-month high of $1,415.95.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.89 by $0.20. The company had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. As a group, research analysts anticipate that Fair Isaac will post 19.75 earnings per share for the current fiscal year.

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.

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