Insider Selling: Fair Isaac Co. (NYSE:FICO) CEO Sells 592 Shares of Stock

Fair Isaac Co. (NYSE:FICO) CEO William J. Lansing sold 592 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $91,453,786.92. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Fair Isaac Trading Up 2.8%

Shares of FICO opened at $2,185.09 on Friday. The firm has a market cap of $53.19 billion, a price-to-earnings ratio of 100.28, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52. The stock has a 50 day moving average of $1,906.33 and a 200-day moving average of $1,984.43.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.14 earnings per share. On average, sell-side analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fair Isaac

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Fair Isaac by 286,768.9% in the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock worth $476,129,000 after acquiring an additional 258,092 shares during the last quarter. Norges Bank acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $442,369,000. Wealthfront Advisers LLC lifted its holdings in shares of Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after purchasing an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac during the 4th quarter valued at approximately $261,610,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock worth $321,790,000 after buying an additional 127,679 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FICO. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird boosted their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,299.31.

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.