Fair Isaac (NYSE:FICO) Trading Down 5.2% Following Insider Selling

Shares of Fair Isaac Co. (NYSE:FICO) fell 5.2% during trading on Monday after an insider sold shares in the company. The company traded as low as $2,249.56 and last traded at $2,249.56. 36,096 shares were traded 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 on 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 transaction, the executive vice president now directly owns 45,395 shares in the company, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FICO. Oppenheimer raised their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Barclays upped their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,022.67.

Fair Isaac Stock Down 2.6 %

The firm has a market cap of $52.84 billion, a price-to-earnings ratio of 106.11, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36. The business has a 50 day moving average price of $2,155.66 and a 200-day moving average price of $1,809.59.

Institutional Trading of Fair Isaac

Several large investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac during the third quarter valued at about $25,000. Tortoise Investment Management LLC grew its stake in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Fair Isaac in the second quarter worth $34,000. True Wealth Design LLC increased its stake in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6 shares in the last quarter. 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.