Marc F. Mcmorris Sells 797 Shares of Fair Isaac Co. (NYSE:FICO) Stock

Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris sold 797 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the transaction, the director now owns 242 shares of the company’s stock, valued at approximately $505,175. This trade represents a 76.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Fair Isaac Price Performance

Fair Isaac stock opened at $2,128.25 on Thursday. The stock has a fifty day moving average price of $1,896.63 and a two-hundred day moving average price of $1,983.13. Fair Isaac Co. has a 52-week low of $1,266.72 and a 52-week high of $2,402.52. The firm has a market capitalization of $51.81 billion, a P/E ratio of 97.67, a P/E/G ratio of 3.27 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Barclays cut their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Jefferies Financial Group restated a “buy” rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday. Finally, Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,299.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. grew its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac during the fourth quarter worth $26,000. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac during the first quarter worth $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac during the first quarter worth $30,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.