Marc F. Mcmorris Sells 797 Shares of Fair Isaac Co. (NYSE:FICO) Stock

Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris sold 797 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now owns 242 shares in the company, valued at $505,175. This represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $2,128.25 on Thursday. The stock has a market cap of $51.81 billion, a price-to-earnings ratio of 97.67, a PEG ratio of 3.27 and a beta of 1.40. The business has a 50 day simple moving average of $1,896.63 and a 200 day simple moving average of $1,983.13. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analysts’ expectations of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.14 earnings per share. On average, analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Institutional Investors Weigh In On Fair Isaac

A number of large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its position in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after purchasing an additional 5 shares during the period. Baker Avenue Asset Management LP boosted its position in Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company’s stock worth $209,000 after purchasing an additional 5 shares during the period. Mechanics Bank Trust Department lifted its holdings in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after buying an additional 6 shares during the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Fair Isaac by 1.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock worth $942,000 after buying an additional 6 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock worth $609,000 after buying an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Raymond James upped their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Barclays dropped their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. UBS Group dropped their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,299.31.

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.