Fair Isaac Co. (NYSE:FICO) Director Sells $6,931,750.00 in Stock

Fair Isaac Co. (NYSE:FICO) Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Fair Isaac Trading Up 2.1 %

Shares of FICO stock opened at $1,834.23 on Thursday. The company’s fifty day simple moving average is $1,667.23 and its 200-day simple moving average is $1,425.71. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,836.77. The company has a market cap of $44.98 billion, a PE ratio of 96.29, a P/E/G ratio of 4.16 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Equities research analysts expect that Fair Isaac Co. will post 19.25 EPS for the current fiscal year.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FICO shares. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective on the stock. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Barclays lifted their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird raised their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,553.42.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Fair Isaac in the first quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its holdings in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares in the last quarter. OFI Invest Asset Management bought a new position in Fair Isaac during the 1st quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in Fair Isaac during the 2nd quarter valued at $34,000. Institutional investors and hedge funds 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.