Insider Selling: Fair Isaac Co. (NYSE:FICO) Director Sells 520 Shares of Stock

Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares of the company’s stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fair Isaac Price Performance

Shares of FICO opened at $2,090.98 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The stock has a market cap of $50.91 billion, a PE ratio of 102.25, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. The firm has a fifty day moving average price of $2,181.27 and a 200 day moving average price of $1,847.16.

Institutional Trading of Fair Isaac

A number of large investors have recently made changes to their positions in the company. Heritage Family Offices LLP lifted its stake in Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC raised its position in Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after purchasing an additional 6 shares during the last quarter. Covestor Ltd boosted its stake in 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 purchasing an additional 6 shares during the period. Finally, Meeder Asset Management Inc. grew its position in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of research reports. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Wells Fargo & Company boosted 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 target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,032.46.

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.