Fair Isaac (NYSE:FICO) Stock: Insider William Lansing Sells 9,782 Shares

Fair Isaac Corporation (NYSE:FICO) CEO William Lansing sold 9,782 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $725.50, for a total value of $7,096,841.00. Following the completion of the sale, the chief executive officer owned 62,947 shares of the company’s stock, valued at approximately $45,668,048.50. The trade was a 13.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $2.12 during trading on Friday, hitting $719.50. The company had a trading volume of 502,183 shares, compared to its average volume of 796,096. The stock has a 50 day simple moving average of $787.56 and a 200 day simple moving average of $1,086.55. Fair Isaac Corporation has a 12 month low of $586.05 and a 12 month high of $1,858.91. The firm has a market capitalization of $15.38 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. The firm had revenue of $657.05 million for the quarter, compared to analysts’ expectations of $651.73 million. Fair Isaac had a negative return on equity of 28.19% and a net margin of 32.94%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm earned $7.74 EPS. As a group, analysts predict that Fair Isaac Corporation will post 40.32 EPS for the current year.

Hedge Funds Weigh In On Fair Isaac

Hedge funds have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. purchased a new stake in shares of Fair Isaac during the second quarter worth about $30,000. Western Wealth Management LLC purchased a new position in Fair Isaac in the 1st quarter worth approximately $29,000. Versant Capital Management Inc lifted its holdings in Fair Isaac by 120.0% in the 2nd quarter. Versant Capital Management Inc now owns 44 shares of the technology company’s stock worth $53,000 after purchasing an additional 24 shares in the last quarter. Clearstead Trust LLC bought a new position in Fair Isaac in the 2nd quarter worth approximately $100,000. Finally, Eastern Bank boosted its stake in Fair Isaac by 177.1% in the 2nd quarter. Eastern Bank now owns 97 shares of the technology company’s stock worth $116,000 after purchasing an additional 62 shares during the period. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FICO shares. Griffin Securities set a $897.00 price target on shares of Fair Isaac in a report on Monday, October 26th. Raymond James Financial dropped their price target on shares of Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. BMO Capital Markets reduced their price objective on shares of Fair Isaac from $1,150.00 to $897.00 and set an “outperform” rating for the company in a research note on Monday, October 26th. Royal Bank Of Canada cut shares of Fair Isaac from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $1,045.00 to $770.00 in a research note on Thursday, November 5th. Finally, UBS Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, November 5th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $917.44.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.