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

Fair Isaac Corporation (NYSE:FICO) CEO William Lansing sold 9,782 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $725.50, for a total transaction of $7,096,841.00. Following the transaction, the chief executive officer owned 62,947 shares in the company, valued at $45,668,048.50. This represents a 13.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 during midday trading on Friday, hitting $719.50. 502,183 shares of the stock were exchanged, compared to its average volume of 796,096. 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 Corporation has a one year low of $586.05 and a one year high of $1,858.91. The business has a 50-day moving average price of $787.56 and a two-hundred day moving average price of $1,086.55.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.69 by $0.41. The company 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 firm’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period last year, the firm earned $7.74 EPS. Sell-side analysts forecast that Fair Isaac Corporation will post 40.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in Fair Isaac in the second quarter worth $1,737,000. Bank of America Corp DE raised its holdings in Fair Isaac by 5.7% during the first quarter. Bank of America Corp DE now owns 133,448 shares of the technology company’s stock valued at $142,461,000 after buying an additional 7,154 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Fair Isaac during the second quarter valued at about $67,760,000. Nykredit A S bought a new position in Fair Isaac during the second quarter valued at about $10,586,000. Finally, Quantinno Capital Management LP lifted its position in shares of Fair Isaac by 44.9% in the first quarter. Quantinno Capital Management LP now owns 15,582 shares of the technology company’s stock worth $16,635,000 after buying an additional 4,830 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FICO. Needham & Company LLC reduced their price objective on shares of Fair Isaac from $1,100.00 to $925.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Mizuho set a $901.00 price objective on Fair Isaac in a research report on Friday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Fair Isaac in a research note on Tuesday, October 27th. Robert W. Baird cut their target price on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Fair Isaac from $900.00 to $800.00 and set a “neutral” rating on the stock in a research note on Thursday, November 5th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $917.44.

About Fair Isaac

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.