Fair Isaac Co. (NYSE:FICO) CEO William J. Lansing sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $331.03, for a total value of $5,296,480.00. Following the completion of the transaction, the chief executive officer now directly owns 180,345 shares in the company, valued at approximately $59,699,605.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:FICO traded up $2.81 during trading hours on Friday, reaching $331.59. 193,498 shares of the company were exchanged, compared to its average volume of 235,703. The company has a market capitalization of $9.58 billion, a P/E ratio of 52.30 and a beta of 1.15. Fair Isaac Co. has a 1-year low of $170.26 and a 1-year high of $373.24. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.93 and a quick ratio of 0.95. The business has a 50 day moving average of $306.94 and a 200 day moving average of $317.26.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.33. The business had revenue of $305.30 million for the quarter, compared to the consensus estimate of $287.06 million. Fair Isaac had a return on equity of 66.75% and a net margin of 16.56%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. As a group, equities research analysts anticipate that Fair Isaac Co. will post 6.75 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of FICO. Pathstone Family Office LLC bought a new stake in Fair Isaac during the second quarter worth $30,000. Harvest Fund Management Co. Ltd bought a new stake in Fair Isaac during the second quarter worth $41,000. Quest Capital Management Inc. ADV bought a new stake in Fair Isaac during the third quarter worth $54,000. Advisors Preferred LLC bought a new stake in Fair Isaac during the second quarter worth $71,000. Finally, Machina Capital S.A.S. bought a new stake in Fair Isaac during the second quarter worth $81,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on FICO shares. Wells Fargo & Co upped their target price on Fair Isaac from $310.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. William Blair reissued an “outperform” rating on shares of Fair Isaac in a research report on Tuesday. Robert W. Baird assumed coverage on Fair Isaac in a research report on Monday, October 14th. They set an “outperform” rating and a $352.00 price target on the stock. Zacks Investment Research downgraded Fair Isaac from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, Stephens increased their price target on Fair Isaac from $336.00 to $352.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Fair Isaac presently has a consensus rating of “Hold” and a consensus target price of $346.40.
About Fair Isaac
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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