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 business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the transaction, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fair Isaac Stock Up 0.8 %

Shares of Fair Isaac stock traded up $8.97 during trading hours on Thursday, hitting $1,162.25. The company’s stock had a trading volume of 211,428 shares, compared to its average volume of 165,813. The company has a market capitalization of $28.88 billion, a PE ratio of 64.97, a P/E/G ratio of 2.55 and a beta of 1.21. The business has a fifty day moving average of $1,253.88 and a 200 day moving average of $1,136.83. Fair Isaac Co. has a 1-year low of $686.08 and a 1-year high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at $29,000. KB Financial Partners LLC purchased a new position in shares of Fair Isaac in the second quarter valued at $34,000. Clear Street Markets LLC bought a new position in Fair Isaac during the 1st quarter valued at $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fair Isaac during the 4th quarter valued at $35,000. Finally, O Dell Group LLC bought a new position in Fair Isaac during the 4th quarter valued at $36,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FICO. Redburn Atlantic initiated coverage on shares of Fair Isaac in a report on Tuesday. They set a “neutral” rating and a $1,113.00 price objective on the stock. Barclays upped their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Jefferies Financial Group upped their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One equities 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 stock. Based on data from MarketBeat, the stock presently 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.