Henry Tayloe Stansbury Sells 249 Shares of Fair Isaac Co. (NYSE:FICO) Stock

Fair Isaac Co. (NYSE:FICO) Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at $215,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fair Isaac Stock Performance

Shares of FICO traded up $0.35 during trading hours on Wednesday, reaching $2,348.45. The stock had a trading volume of 135,051 shares, compared to its average volume of 170,914. Fair Isaac Co. has a 12 month low of $1,006.71 and a 12 month high of $2,402.51. The stock has a market capitalization of $57.18 billion, a PE ratio of 116.53, a PEG ratio of 4.35 and a beta of 1.35. The company’s 50-day moving average is $1,973.38 and its two-hundred day moving average is $1,664.57.

Fair Isaac declared that its board has approved a stock repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays increased their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Institutional Trading of Fair Isaac

A number of hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac in the first quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the first quarter valued at $26,000. Tortoise Investment Management LLC grew its stake in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the second quarter valued at $34,000. 85.75% of the stock is owned by institutional investors and hedge funds.

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.