Fair Isaac Co. (NYSE:FICO) CFO Steven P. Weber Sells 1,800 Shares

Fair Isaac Co. (NYSE:FICO) CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Fair Isaac Stock Down 4.2 %

FICO stock opened at $1,733.55 on Friday. The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 91.00, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34. The stock’s fifty day simple moving average is $1,545.80 and its 200-day simple moving average is $1,361.78. Fair Isaac Co. has a 52-week low of $811.99 and a 52-week high of $1,818.02.

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

Analyst Ratings Changes

A number of research firms recently weighed in on FICO. Royal Bank of Canada upped their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Barclays upped their target price 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. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday. Raymond James raised their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Needham & Company LLC increased their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,515.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dorsey Wright & Associates increased its position in Fair Isaac by 0.3% during the second quarter. Dorsey Wright & Associates now owns 4,130 shares of the technology company’s stock worth $6,148,000 after purchasing an additional 12 shares during the last quarter. MBB Public Markets I LLC increased its holdings in shares of Fair Isaac by 956.0% during the 2nd quarter. MBB Public Markets I LLC now owns 1,774 shares of the technology company’s stock worth $2,641,000 after buying an additional 1,606 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Fair Isaac by 6.8% in the 2nd quarter. APG Asset Management N.V. now owns 22,895 shares of the technology company’s stock worth $31,801,000 after buying an additional 1,466 shares during the period. APG Asset Management US Inc. boosted its holdings in Fair Isaac by 2.3% in the second quarter. APG Asset Management US Inc. now owns 7,740 shares of the technology company’s stock valued at $11,583,000 after acquiring an additional 177 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in Fair Isaac by 39.4% during the second quarter. Insigneo Advisory Services LLC now owns 407 shares of the technology company’s stock worth $644,000 after acquiring an additional 115 shares during 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.