Fair Isaac Co. (NYSE:FICO) Director Henry Tayloe Stansbury Sells 249 Shares

Fair Isaac Co. (NYSE:FICO) Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac 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 transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fair Isaac Trading Down 1.0 %

Shares of NYSE FICO opened at $2,325.42 on Friday. The company has a 50 day simple moving average of $1,996.69 and a two-hundred day simple moving average of $1,673.91. The stock has a market cap of $56.62 billion, a price-to-earnings ratio of 113.71, a PEG ratio of 4.35 and a beta of 1.35. Fair Isaac Co. has a 12 month low of $1,014.86 and a 12 month high of $2,402.51.

Fair Isaac announced that its board has approved a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on FICO shares. 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. Needham & Company LLC raised their price objective 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. Barclays boosted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four equities 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Quent Capital LLC lifted its holdings in shares of Fair Isaac by 11.4% in the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock valued at $292,000 after buying an additional 24 shares during the period. Meeder Advisory Services Inc. acquired a new position in Fair Isaac in the first quarter valued at approximately $206,000. US Bancorp DE boosted its position in Fair Isaac by 2.0% in the 1st quarter. US Bancorp DE now owns 4,041 shares of the technology company’s stock worth $5,050,000 after purchasing an additional 80 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Fair Isaac by 3.6% in the 1st quarter. Bleakley Financial Group LLC now owns 1,524 shares of the technology company’s stock worth $1,904,000 after purchasing an additional 53 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $547,000. 85.75% of the stock is owned by institutional investors and hedge funds.

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.