Insider Selling: Fair Isaac Corp. (FICO) Insider Sells 30,000 Shares of Stock
Fair Isaac Corp. (NYSE:FICO) insider William J. Lansing sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $111.79, for a total transaction of $3,353,700.00. Following the transaction, the insider now directly owns 185,495 shares of the company’s stock, valued at approximately $20,736,486.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Fair Isaac Corp. (NYSE:FICO) traded up 1.42% during mid-day trading on Wednesday, reaching $113.00. 250,669 shares of the company were exchanged. The company’s 50 day moving average price is $120.09 and its 200-day moving average price is $118.89. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. Fair Isaac Corp. has a 12-month low of $80.20 and a 12-month high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last released its earnings results on Monday, November 7th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business earned $235.80 million during the quarter, compared to the consensus estimate of $163.56 million. Fair Isaac Corp. had a net margin of 12.42% and a return on equity of 27.14%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, equities research analysts forecast that Fair Isaac Corp. will post $3.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend is Wednesday, November 30th. Fair Isaac Corp.’s dividend payout ratio (DPR) is currently 2.36%.
Several research firms have recently issued reports on FICO. Barclays PLC restated an “equal weight” rating and set a $125.00 price objective (down previously from $135.00) on shares of Fair Isaac Corp. in a report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Fair Isaac Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Fair Isaac Corp. presently has a consensus rating of “Hold” and an average price target of $116.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMG National Trust Bank increased its position in Fair Isaac Corp. by 1.2% in the third quarter. AMG National Trust Bank now owns 2,298 shares of the company’s stock worth $286,000 after buying an additional 28 shares during the period. Alambic Investment Management L.P. increased its position in Fair Isaac Corp. by 0.5% in the third quarter. Alambic Investment Management L.P. now owns 5,520 shares of the company’s stock worth $688,000 after buying an additional 30 shares during the period. Hanseatic Management Services Inc. increased its position in Fair Isaac Corp. by 0.5% in the third quarter. Hanseatic Management Services Inc. now owns 7,157 shares of the company’s stock worth $892,000 after buying an additional 35 shares during the period. Miles Capital Inc. increased its position in Fair Isaac Corp. by 1.5% in the second quarter. Miles Capital Inc. now owns 2,525 shares of the company’s stock worth $285,000 after buying an additional 37 shares during the period. Finally, OLD National Bancorp IN increased its position in Fair Isaac Corp. by 0.6% in the third quarter. OLD National Bancorp IN now owns 8,159 shares of the company’s stock worth $1,017,000 after buying an additional 48 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Corp. Company Profile
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