Fair Isaac Co. (NYSE:FICO - Get Free Report) EVP James M. Wehmann sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares of the company's stock, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Fair Isaac Stock Performance
NYSE:FICO opened at $2,360.36 on Tuesday. Fair Isaac Co. has a 52-week low of $1,067.36 and a 52-week high of $2,402.51. The firm has a market cap of $57.47 billion, a price-to-earnings ratio of 115.42, a PEG ratio of 4.33 and a beta of 1.35. The business's fifty day moving average is $2,064.93 and its 200 day moving average is $1,735.38.
Fair Isaac announced that its board has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.
Institutional Trading of Fair Isaac
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A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. International Assets Investment Management LLC grew its position in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after buying an additional 538,071 shares in the last quarter. AustralianSuper Pty Ltd grew its position in Fair Isaac by 1,270.9% during the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock worth $142,413,000 after buying an additional 67,931 shares in the last quarter. FMR LLC grew its position in Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company's stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. Westwind Capital grew its position in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company's stock worth $10,382,000 after buying an additional 62,710 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Fair Isaac by 35.1% during the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company's stock worth $468,677,000 after buying an additional 62,653 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on FICO. Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price on the stock. Robert W. Baird lifted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.
Read Our Latest Research Report on FICO
About Fair Isaac
(
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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.
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