Fair Isaac (NYSE:FICO) Stock: Insider William Lansing Sells 10,683 Shares

Fair Isaac Corporation (NYSE:FICO) CEO William Lansing sold 10,683 shares of the firm’s stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $721.30, for a total value of $7,705,647.90. Following the completion of the transaction, the chief executive officer directly owned 250 shares in the company, valued at approximately $180,325. This represents a 97.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fair Isaac Trading Up 0.3%

NYSE FICO traded up $2.12 on Friday, hitting $719.50. 502,183 shares of the company traded hands, compared to its average volume of 796,096. The business’s 50 day moving average price is $787.56 and its 200-day moving average price is $1,086.55. Fair Isaac Corporation has a 52-week low of $586.05 and a 52-week high of $1,858.91. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.05 and a beta of 1.36.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. The business had revenue of $657.05 million during 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 quarter in the prior year, the business posted $7.74 earnings per share. As a group, sell-side analysts predict that Fair Isaac Corporation will post 40.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

FICO has been the subject of a number of recent research reports. Weiss Ratings downgraded Fair Isaac from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Mizuho set a $901.00 target price on shares of Fair Isaac in a research note on Friday, November 6th. Griffin Securities set a $897.00 target price on shares of Fair Isaac in a research note on Monday, October 26th. The Goldman Sachs Group set a $1,322.00 price target on shares of Fair Isaac in a report on Tuesday, September 29th. Finally, UBS Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, November 5th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Fair Isaac has a consensus rating of “Hold” and an average target price of $917.44.

Institutional Investors Weigh In On Fair Isaac

Institutional investors and hedge funds have recently bought and sold shares of the business. XXEC Inc. purchased a new stake in Fair Isaac during the second quarter worth $33,189,000. BlackRock Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at $2,491,517,000. Primecap Management Co. CA bought a new position in shares of Fair Isaac in the 2nd quarter worth $433,508,000. Legal & General Group Plc bought a new position in shares of Fair Isaac in the 2nd quarter worth $173,157,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Fair Isaac during the 2nd quarter worth $152,357,000. 85.75% of the stock is owned by institutional investors.

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.