Fair Isaac Corporation (FICO) Director Sells $752,300.00 in Stock
Fair Isaac Corporation (NYSE:FICO) Director A George Battle sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $150.46, for a total transaction of $752,300.00. Following the completion of the transaction, the director now owns 21,259 shares of the company’s stock, valued at approximately $3,198,629.14. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Fair Isaac Corporation (FICO) traded up $8.66 during trading on Friday, hitting $152.60. 97,218 shares of the company were exchanged, compared to its average volume of 142,059. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 37.25 and a beta of 1.26.
Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.48. The business had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $249.11 million. Fair Isaac Corporation had a net margin of 13.76% and a return on equity of 30.03%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. analysts predict that Fair Isaac Corporation will post 4.33 EPS for the current year.
Fair Isaac Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 1st that permits the company to buyback $250.00 million in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages have recently issued reports on FICO. Barclays PLC increased their price objective on shares of Fair Isaac Corporation from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday. BidaskClub cut shares of Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, August 1st.
Institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC acquired a new stake in shares of Fair Isaac Corporation during the 2nd quarter worth about $219,000. Acrospire Investment Management LLC acquired a new stake in shares of Fair Isaac Corporation during the 2nd quarter worth about $139,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of Fair Isaac Corporation during the 2nd quarter worth about $138,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fair Isaac Corporation by 15.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after purchasing an additional 161 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Fair Isaac Corporation by 17.9% during the 2nd quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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