Key Points
- Fair Isaac CEO William Lansing sold 9,782 shares for about $7.1 million under a pre-arranged Rule 10b5-1 plan, reducing his stake by 13.45%; he retained 62,947 shares.
- Quarterly results beat expectations: adjusted earnings were $11.10 per share versus $10.69 forecast, while revenue rose 27.4% year over year to $657.05 million.
- Analyst views were mixed, with a consensus Hold rating and an average price target of $917.44; several firms recently lowered their targets.
Fair Isaac Corporation (NYSE:FICO - Get Free Report) CEO William Lansing sold 9,782 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $725.50, for a total transaction of $7,096,841.00. Following the completion of the sale, the chief executive officer owned 62,947 shares of the company's stock, valued at approximately $45,668,048.50. This represents a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fair Isaac Trading Up 0.3%
Shares of FICO traded up $2.12 during midday trading on Friday, reaching $719.50. The stock had a trading volume of 502,183 shares, compared to its average volume of 796,096. The firm has a market cap of $15.38 billion, a PE ratio of 19.81, a P/E/G ratio of 1.05 and a beta of 1.36. The firm has a 50 day simple moving average of $787.56 and a 200-day simple moving average of $1,086.55. Fair Isaac Corporation has a one year low of $586.05 and a one year high of $1,858.91.
Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.69 by $0.41. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The company had revenue of $657.05 million for the quarter, compared to analysts' expectations of $651.73 million. During the same period in the prior year, the firm earned $7.74 EPS. Fair Isaac's quarterly revenue was up 27.4% compared to the same quarter last year. As a group, research analysts forecast that Fair Isaac Corporation will post 40.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on FICO shares. Raymond James Financial lowered their price target on Fair Isaac from $1,750.00 to $1,230.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 13th. Barclays cut their price objective on Fair Isaac from $875.00 to $800.00 and set an "overweight" rating for the company in a research report on Thursday, November 5th. Zacks Research raised Fair Isaac from a "strong sell" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Fair Isaac from $900.00 to $800.00 and set a "neutral" rating for the company in a research note on Thursday, November 5th. Finally, UBS Group restated a "buy" rating on shares of Fair Isaac in a research note on Thursday, November 5th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of "Hold" and a consensus target price of $917.44.
Read Our Latest Stock Analysis on FICO
Institutional Trading of Fair Isaac
Several hedge funds and other institutional investors have recently modified their holdings of the stock. XXEC Inc. bought a new stake in shares of Fair Isaac during the 2nd quarter worth about $33,189,000. BlackRock Inc. bought a new position in Fair Isaac in the 2nd quarter valued at about $2,491,517,000. Primecap Management Co. CA bought a new position in Fair Isaac in the 2nd quarter valued at about $433,508,000. Van ECK Associates Corp raised its holdings in Fair Isaac by 95.0% in the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company's stock valued at $267,389,000 after acquiring an additional 109,027 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Fair Isaac by 9.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company's stock valued at $187,798,000 after acquiring an additional 14,792 shares during the period. Institutional investors own 85.75% of the company's stock.
About Fair Isaac
(
Get Free Report)
Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.
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