Key Points
- Eva Manolis, a Fair Isaac director, sold 521 shares on Dec. 12 at an average price of $1,825.83 for proceeds of about $951,257, cutting her stake by 60.23% to 344 shares (~$628k).
- Fair Isaac beat Q3 estimates with EPS of $7.74 (vs. $7.36) and revenue of $515.75M (+13.6% YoY); analysts rate the stock a "Moderate Buy" with a consensus price target of $2,076.77.
- The stock has a market cap of $42.51B, a PE of 67.52, a 12‑month range of $1,300–$2,217.60, and about 85.75% of shares are held by institutional investors.
Fair Isaac Corporation (NYSE:FICO - Get Free Report) Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director owned 344 shares of the company's stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Fair Isaac Trading Down 0.8%
NYSE FICO opened at $1,792.71 on Wednesday. The stock has a market cap of $42.51 billion, a PE ratio of 67.52, a PEG ratio of 2.00 and a beta of 1.29. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,217.60. The company's 50-day moving average price is $1,713.59 and its 200-day moving average price is $1,633.80.
Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.36 by $0.38. The company had revenue of $515.75 million during the quarter, compared to analysts' expectations of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.54 EPS. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FICO shares. JPMorgan Chase & Co. increased their price objective on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a "neutral" rating in a research note on Thursday, November 6th. Robert W. Baird upped their target price on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an "outperform" rating in a report on Thursday, November 6th. UBS Group upped their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Needham & Company LLC reiterated a "buy" rating and set a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Finally, Wells Fargo & Company raised their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,076.77.
View Our Latest Stock Analysis on FICO
Institutional Investors Weigh In On Fair Isaac
Hedge funds have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in Fair Isaac in the second quarter valued at about $26,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac during the second quarter valued at about $27,000. Hilltop National Bank bought a new stake in shares of Fair Isaac in the 2nd quarter valued at about $27,000. Geo Capital Gestora de Recursos Ltd bought a new stake in shares of Fair Isaac in the 1st quarter valued at about $28,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Fair Isaac in the 3rd quarter worth approximately $30,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
About Fair Isaac
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
