Insider Selling: Fair Isaac Co. (NYSE:FICO) Director Sells $582,298.95 in Stock

Fair Isaac Co. (NYSE:FICO) Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Fair Isaac Stock Down 2.7 %

Shares of FICO stock opened at $2,261.00 on Friday. The company has a market cap of $55.06 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 4.50 and a beta of 1.35. Fair Isaac Co. has a 52 week low of $1,021.06 and a 52 week high of $2,402.51. The firm has a 50 day moving average of $2,007.25 and a 200-day moving average of $1,681.66.

Fair Isaac announced that its Board of Directors has approved a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Fair Isaac

Several large investors have recently modified their holdings of FICO. Vanguard Group Inc. grew its position in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares during the period. State Street Corp grew its position in Fair Isaac by 0.5% in the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after purchasing an additional 5,472 shares during the period. Price T Rowe Associates Inc. MD grew its position in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the period. International Assets Investment Management LLC grew its position in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after purchasing an additional 538,071 shares during the period. Finally, Principal Financial Group Inc. grew its position in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Ratings Changes

FICO has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

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.