Fair Isaac (NYSE:FICO) Trading Down 4% Following Insider Selling

Shares of Fair Isaac Co. (NYSE:FICO) were down 4% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $1,367.02 and last traded at $1,387.99. Approximately 58,666 shares traded hands during trading, a decline of 68% from the average daily volume of 181,853 shares. The stock had previously closed at $1,446.28.

Specifically, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Joanna Rees sold 500 shares of Fair Isaac stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total value of $675,000.00. Following the transaction, the director now directly owns 20,618 shares in the company, valued at approximately $27,834,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $21,561,840 over the last 90 days. 3.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FICO shares. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. Barclays upped their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Raymond James increased their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Redburn Atlantic initiated coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,224.40.

Fair Isaac Stock Down 4.9 %

The business has a 50-day moving average price of $1,236.66 and a 200-day moving average price of $1,200.53. The firm has a market capitalization of $33.97 billion, a P/E ratio of 72.17, a PEG ratio of 3.80 and a beta of 1.24.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The company had revenue of $433.81 million for the quarter, compared to analyst estimates of $425.94 million. As a group, sell-side analysts forecast that Fair Isaac Co. will post 19.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments Inc increased its stake in Fair Isaac by 8.7% during the 1st quarter. Atria Investments Inc now owns 5,547 shares of the technology company’s stock worth $6,932,000 after acquiring an additional 445 shares during the period. Swedbank AB bought a new position in shares of Fair Isaac in the 1st quarter valued at $10,962,000. LRI Investments LLC bought a new position in shares of Fair Isaac in the 1st quarter valued at $224,000. Motley Fool Asset Management LLC increased its stake in shares of Fair Isaac by 9.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock valued at $655,000 after purchasing an additional 44 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Fair Isaac by 19.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after acquiring an additional 644 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.