Fair Isaac Co. (NYSE:FICO) CFO Sells $3,123,000.00 in Stock

Fair Isaac Co. (NYSE:FICO) CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fair Isaac Stock Down 4.2 %

Shares of Fair Isaac stock opened at $1,733.55 on Friday. The firm has a market cap of $42.84 billion, a PE ratio of 91.00, a P/E/G ratio of 4.26 and a beta of 1.34. The business has a 50-day moving average price of $1,545.80 and a 200 day moving average price of $1,361.78. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,818.02.

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

Hedge Funds Weigh In On Fair Isaac

A number of large investors have recently added to or reduced their stakes in FICO. EverSource Wealth Advisors LLC increased its stake in shares of Fair Isaac by 1.8% during the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after purchasing an additional 7 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in Fair Isaac by 2.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after buying an additional 8 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after acquiring an additional 9 shares during the last quarter. Western Financial Corp CA lifted its position in shares of Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after acquiring an additional 9 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after acquiring an additional 9 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on FICO. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Raymond James upped their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays raised their price target on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $1,515.82.

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.