Fair Isaac Co. (NYSE:FICO) Director Sells $6,931,750.00 in Stock

Fair Isaac Co. (NYSE:FICO) Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Fair Isaac Stock Up 2.1 %

FICO stock opened at $1,834.23 on Thursday. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,836.77. The company has a market cap of $44.98 billion, a PE ratio of 96.29, a price-to-earnings-growth ratio of 4.16 and a beta of 1.34. The business’s 50-day simple moving average is $1,667.23 and its 200 day simple moving average is $1,425.71.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The firm had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. On average, equities research analysts anticipate that Fair Isaac Co. will post 19.25 EPS for the current year.

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FICO shares. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th. Robert W. Baird raised their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC raised their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Finally, Oppenheimer started coverage on Fair Isaac in a report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $1,553.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in Fair Isaac during the first quarter worth about $25,000. Tortoise Investment Management LLC lifted its stake in Fair Isaac by 81.8% during 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 period. Advisors Asset Management Inc. bought a new position in Fair Isaac during the first quarter worth about $26,000. Family Firm Inc. bought a new position in Fair Isaac during the second quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in Fair Isaac during the first quarter worth about $31,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Company Profile

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.