William J. Lansing Sells 8,000 Shares of Fair Isaac Co. (NYSE:FICO) Stock

Fair Isaac Co. (NYSE:FICO) CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,162.25 on Friday. Fair Isaac Co. has a fifty-two week low of $686.08 and a fifty-two week high of $1,349.75. The firm has a market capitalization of $28.88 billion, a PE ratio of 64.97, a P/E/G ratio of 2.55 and a beta of 1.21. The stock’s 50-day simple moving average is $1,253.88 and its 200-day simple moving average is $1,136.83.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Sell-side analysts forecast that Fair Isaac Co. will post 19.95 earnings per share for the current year.

Analysts Set New Price Targets

FICO has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group boosted their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Raymond James boosted their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Needham & Company LLC upped their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Redburn Atlantic began coverage on Fair Isaac in a research report on Tuesday. They set a “neutral” rating and a $1,113.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,180.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Fair Isaac by 20.3% in the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after purchasing an additional 168,468 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Fair Isaac by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock worth $556,090,000 after acquiring an additional 5,225 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Fair Isaac by 208.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company’s stock worth $799,543,000 after acquiring an additional 463,988 shares during the period. Geode Capital Management LLC grew its holdings in Fair Isaac by 48.9% during the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after acquiring an additional 189,562 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Fair Isaac by 1.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after acquiring an additional 4,584 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

About Fair Isaac

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.