Fair Isaac Co. (NYSE:FICO) CEO Sells $9,124,400.00 in Stock

Fair Isaac Co. (NYSE:FICO) CEO William J. Lansing sold 8,000 shares of the company’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 sale, the chief executive officer now owns 12,638 shares of the company’s stock, valued at approximately $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fair Isaac Trading Down 2.8 %

Shares of Fair Isaac stock opened at $1,130.06 on Friday. The stock has a 50 day moving average of $1,250.01 and a 200 day moving average of $1,138.67. Fair Isaac Co. has a 12 month low of $692.87 and a 12 month high of $1,349.75. The firm has a market cap of $28.08 billion, a PE ratio of 63.17, a PEG ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The company had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. As a group, equities research analysts forecast that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD boosted its stake in Fair Isaac by 208.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company’s stock valued at $799,543,000 after buying an additional 463,988 shares during the last quarter. International Assets Investment Management LLC raised its position in Fair Isaac by 112,366.2% during the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares during the period. Norges Bank purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $259,509,000. Geode Capital Management LLC raised its position in Fair Isaac by 48.9% during the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock valued at $405,140,000 after purchasing an additional 189,562 shares during the period. Finally, State Street Corp raised its position in Fair Isaac by 20.3% during the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock valued at $700,484,000 after purchasing an additional 168,468 shares during the period. 85.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FICO has been the subject of several recent research reports. Needham & Company LLC boosted their price target on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a report on Friday, January 26th. Jefferies Financial Group boosted their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Raymond James boosted their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Finally, Redburn Atlantic began coverage on Fair Isaac in a report on Tuesday. They set a “neutral” rating and a $1,113.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

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.