Fair Isaac (NYSE:FICO) Stock Price Down 4.7% Following Insider Selling

Fair Isaac Corporation (NYSE:FICO)’s share price fell 4.7% during mid-day trading on Friday following insider selling activity. The company traded as low as $1,533.93 and last traded at $1,521.24. 33,519 shares were traded during trading, a decline of 88% from the average session volume of 273,185 shares. The stock had previously closed at $1,596.56.

Specifically, CEO William J. Lansing sold 6,011 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FICO shares. UBS Group lifted their price objective on Fair Isaac from $1,540.00 to $1,590.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Barclays decreased their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,098.14.

Fair Isaac Stock Down 3.3%

The stock’s fifty day moving average price is $1,477.76 and its 200-day moving average price is $1,728.92. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 60.39, a P/E/G ratio of 3.11 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has authorized a stock buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Fair Isaac

A number of institutional investors have recently modified their holdings of FICO. Meeder Asset Management Inc. raised its holdings in shares of 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 buying an additional 5 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of Fair Isaac by 4.6% in the 1st 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 in the last quarter. City Holding Co. lifted its position in Fair Isaac by 11.3% in the 1st quarter. City Holding Co. now owns 59 shares of the technology company’s stock valued at $109,000 after acquiring an additional 6 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Fair Isaac by 4.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company’s stock valued at $262,000 after buying an additional 6 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in shares of Fair Isaac by 2.2% during the first quarter. Forum Financial Management LP now owns 275 shares of the technology company’s stock valued at $507,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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.