Insider Selling: Fair Isaac Corp. (FICO) CEO Sells 30,000 Shares of Stock
Fair Isaac Corp. (NYSE:FICO) CEO William J. Lansing sold 30,000 shares of Fair Isaac Corp. stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $119.85, for a total value of $3,595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 192,495 shares of the company’s stock, valued at $23,070,525.75. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Fair Isaac Corp. (NYSE:FICO) traded up 0.91% during mid-day trading on Wednesday, reaching $120.75. The company’s stock had a trading volume of 136,935 shares. The company has a 50-day moving average of $127.29 and a 200-day moving average of $116.61. The company has a market cap of $3.73 billion, a P/E ratio of 35.38 and a beta of 1.33. Fair Isaac Corp. has a 12 month low of $78.11 and a 12 month high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.72. Fair Isaac Corp. had a net margin of 12.60% and a return on equity of 30.09%. The business earned $238.78 million during the quarter, compared to analyst estimates of $220.16 million. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. Equities research analysts forecast that Fair Isaac Corp. will post $3.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.07%. Fair Isaac Corp.’s payout ratio is 2.34%.
A number of analysts recently commented on FICO shares. Dougherty & Co started coverage on Fair Isaac Corp. in a research report on Wednesday, July 13th. They issued a “buy” rating and a $135.00 target price for the company. Zacks Investment Research lowered Fair Isaac Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Finally, Barclays PLC boosted their target price on Fair Isaac Corp. from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $119.00.
A number of hedge funds have recently bought and sold shares of the stock. Algert Global LLC purchased a new stake in Fair Isaac Corp. during the third quarter worth $571,000. Oregon Public Employees Retirement Fund raised its stake in Fair Isaac Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 10,886 shares of the company’s stock worth $1,356,000 after buying an additional 215 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Fair Isaac Corp. by 18.6% in the third quarter. Eqis Capital Management Inc. now owns 6,802 shares of the company’s stock worth $847,000 after buying an additional 1,069 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Fair Isaac Corp. during the second quarter worth $473,000. Finally, Mason Street Advisors LLC purchased a new stake in Fair Isaac Corp. during the second quarter worth $1,607,000. Institutional investors and hedge funds own 90.92% of the company’s stock.
Fair Isaac Corp. Company Profile
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