Fair Isaac (NYSE:FICO) Director Sells $951,257.43 in Stock

Fair Isaac Corporation (NYSE:FICO) Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares in the company, valued at $628,085.52. This represents a 60.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,760.26 on Friday. The firm has a fifty day moving average of $1,715.79 and a 200-day moving average of $1,635.51. The stock has a market cap of $41.74 billion, a price-to-earnings ratio of 66.30, a P/E/G ratio of 1.95 and a beta of 1.29. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $7.36 by $0.38. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The business had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. During the same quarter in the previous year, the firm posted $6.54 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, sell-side analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FICO. Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Barclays raised their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Robert W. Baird boosted their target price on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, UBS Group boosted their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $2,076.77.

Institutional Investors Weigh In On Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the company. Artisan Partners Limited Partnership bought a new stake in Fair Isaac in the 2nd quarter valued at $84,295,000. Brighton Jones LLC increased its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Andra AP fonden raised its stake in shares of Fair Isaac by 51.1% in the 2nd quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock valued at $38,387,000 after purchasing an additional 7,100 shares during the period. West Family Investments Inc. bought a new stake in shares of Fair Isaac in the second quarter valued at about $510,000. Finally, Swiss National Bank boosted its position in shares of Fair Isaac by 7.6% during the second quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock worth $135,086,000 after buying an additional 5,200 shares during the period. Institutional investors own 85.75% of the company’s stock.

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.