Fair Isaac (NYSE:FICO) Stock Price Down 5.2% on Insider Selling

Fair Isaac Co. (NYSE:FICO)’s stock price fell 5.2% during mid-day trading on Monday following insider selling activity. The company traded as low as $2,249.56 and last traded at $2,249.56. 36,096 shares changed hands during trading, a decline of 79% from the average session volume of 168,147 shares. The stock had previously closed at $2,371.83.

Specifically, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

A number of research analysts have commented on FICO shares. Needham & Company LLC increased their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Barclays boosted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer lifted their target price on Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Four equities research 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, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $2,022.67.

Fair Isaac Price Performance

The stock has a fifty day moving average price of $2,155.66 and a two-hundred day moving average price of $1,809.59. The company has a market cap of $52.84 billion, a P/E ratio of 106.11, a PEG ratio of 4.37 and a beta of 1.36.

Institutional Trading of Fair Isaac

Several hedge funds have recently added to or reduced their stakes in FICO. Heritage Family Offices LLP grew its stake in shares of Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after buying an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its position in shares of Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares in the last quarter. Covestor Ltd raised its position in shares of Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the period. Institutional investors 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.