Fair Isaac (NYSE:FICO) Stock Price Down 7.2% Following Insider Selling

Fair Isaac Co. (NYSE:FICOGet Rating) was down 7.2% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $572.61 and last traded at $573.40. Approximately 8,135 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 280,966 shares. The stock had previously closed at $617.87.

Specifically, CAO Michael S. Leonard sold 1,934 shares of Fair Isaac stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $600.21, for a total value of $1,160,806.14. Following the completion of the sale, the chief accounting officer now owns 5,237 shares in the company, valued at approximately $3,143,299.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Michael S. Leonard sold 1,934 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the completion of the sale, the chief accounting officer now owns 5,237 shares in the company, valued at approximately $3,143,299.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 13,793 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $601.28, for a total value of $8,293,455.04. Following the sale, the executive vice president now owns 19,186 shares of the company’s stock, valued at approximately $11,536,158.08. The disclosure for this sale can be found here. 3.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FICO shares. Needham & Company LLC boosted their target price on Fair Isaac from $600.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Jefferies Financial Group upped their price target on Fair Isaac from $545.00 to $695.00 and gave the stock a “buy” rating in a report on Friday, November 11th. TheStreet upgraded Fair Isaac from a “c+” rating to a “b” rating in a report on Wednesday, August 31st. StockNews.com cut Fair Isaac from a “buy” rating to a “hold” rating in a report on Sunday, November 13th. Finally, Robert W. Baird cut Fair Isaac from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $546.00 to $475.00 in a report on Thursday, October 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $597.80.

Fair Isaac Trading Down 5.0 %

The stock has a 50-day simple moving average of $454.99 and a 200-day simple moving average of $435.17. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 41.32 and a beta of 1.23.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors have recently made changes to their positions in FICO. Park Avenue Securities LLC raised its position in shares of Fair Isaac by 21.8% in the 1st quarter. Park Avenue Securities LLC now owns 1,750 shares of the technology company’s stock valued at $816,000 after purchasing an additional 313 shares in the last quarter. Atria Investments LLC raised its position in shares of Fair Isaac by 2.9% during the 1st quarter. Atria Investments LLC now owns 2,838 shares of the technology company’s stock valued at $1,324,000 after acquiring an additional 79 shares in the last quarter. Hallmark Capital Management Inc. raised its position in shares of Fair Isaac by 7.8% during the 1st quarter. Hallmark Capital Management Inc. now owns 675 shares of the technology company’s stock valued at $315,000 after acquiring an additional 49 shares in the last quarter. FDx Advisors Inc. raised its position in shares of Fair Isaac by 18.4% during the 1st quarter. FDx Advisors Inc. now owns 2,026 shares of the technology company’s stock valued at $945,000 after acquiring an additional 315 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Fair Isaac by 2.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 15,660 shares of the technology company’s stock valued at $7,305,000 after acquiring an additional 348 shares in the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.

About Fair Isaac

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Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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