Fair Isaac (NYSE:FICO) CEO Sells $9,026,058.40 in Stock

Fair Isaac Corporation (NYSE:FICO) CEO William Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the completion of the sale, the chief executive officer directly owned 42,138 shares of the company’s stock, valued at approximately $63,284,533.92. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,519.34 on Thursday. The firm has a market cap of $36.46 billion, a price-to-earnings ratio of 59.42, a P/E/G ratio of 2.96 and a beta of 1.35. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a fifty day moving average price of $1,518.67 and a two-hundred day moving average price of $1,739.24.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. The firm had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

FICO has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Oppenheimer cut their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company cut their price objective on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Raymond James Financial cut their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,134.57.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. bought a new stake in Fair Isaac in the second quarter valued at about $26,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac during the first quarter worth about $28,000. ORG Partners LLC bought a new stake in Fair Isaac during the second quarter worth about $27,000. Hilltop National Bank bought a new stake in Fair Isaac during the second quarter worth about $27,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Fair Isaac during the first quarter worth about $30,000. Institutional investors own 85.75% of the company’s stock.

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.