Key Points
- CFO Steven Weber sold 1,426 shares on December 17 at an average price of $1,810, totaling $2,581,060; after the sale he holds 2,804 shares, a 33.71% reduction in his position valued at about $5.08 million.
- Fair Isaac recently beat quarterly expectations with $7.74 EPS (vs. $7.36 est.) and revenue of $515.75M (up 13.6% year-over-year); the company has a $41.44B market cap, a P/E of 65.83, and a MarketBeat consensus rating of "Moderate Buy" with an average price target of $2,076.77.
Fair Isaac Corporation (NYSE:FICO - Get Free Report) CFO Steven Weber sold 1,426 shares of the firm's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, the chief financial officer directly owned 2,804 shares of the company's stock, valued at $5,075,240. The trade was a 33.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Fair Isaac Price Performance
NYSE FICO opened at $1,747.90 on Friday. The company's fifty day moving average price is $1,717.38 and its two-hundred day moving average price is $1,635.49. The company has a market capitalization of $41.44 billion, a price-to-earnings ratio of 65.83, a price-to-earnings-growth ratio of 1.95 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.
Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts' consensus estimates of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same period last year, the firm earned $6.54 earnings per share. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.
Institutional Investors Weigh In On Fair Isaac
Several institutional investors have recently bought and sold shares of the stock. Lynwood Price Capital Management LP bought a new stake in shares of Fair Isaac during the 3rd quarter worth about $861,000. Allworth Financial LP increased its stake in shares of Fair Isaac by 16.7% during the third quarter. Allworth Financial LP now owns 251 shares of the technology company's stock valued at $376,000 after acquiring an additional 36 shares during the period. Swiss Life Asset Management Ltd raised its holdings in Fair Isaac by 11.1% during the third quarter. Swiss Life Asset Management Ltd now owns 4,382 shares of the technology company's stock worth $6,558,000 after purchasing an additional 438 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Fair Isaac in the third quarter worth approximately $4,974,000. Finally, Tcfg Wealth Management LLC bought a new position in Fair Isaac during the 3rd quarter valued at $20,374,000. Institutional investors and hedge funds own 85.75% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FICO shares. Wells Fargo & Company lifted their price objective on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Needham & Company LLC restated a "buy" rating and issued a $1,950.00 price target on shares of Fair Isaac in a research report on Thursday, October 2nd. UBS Group boosted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Jefferies Financial Group cut their target price on shares of Fair Isaac from $2,150.00 to $2,100.00 and set a "buy" rating on the stock in a report on Thursday, November 6th. Finally, Zacks Research cut Fair Isaac from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Fair Isaac has an average rating of "Moderate Buy" and a consensus price target of $2,076.77.
View Our Latest Research Report on FICO
About Fair Isaac
(
Get Free Report)
Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.
FICO's product portfolio centers on analytics and decisioning technologies.
Further Reading
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