Eva Manolis Sells 521 Shares of Fair Isaac (NYSE:FICO) Stock

Fair Isaac Corporation (NYSE:FICO) Director Eva Manolis sold 521 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the transaction, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This represents a 60.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Fair Isaac Stock Performance

Fair Isaac stock traded down $15.02 during midday trading on Tuesday, hitting $1,792.71. 195,556 shares of the company’s stock were exchanged, compared to its average volume of 274,081. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The stock has a 50-day moving average price of $1,715.25 and a two-hundred day moving average price of $1,633.35. The company has a market cap of $42.51 billion, a P/E ratio of 67.52, a PEG ratio of 2.05 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.54 EPS. As a group, sell-side analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. UBS Group increased their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday, October 2nd. BMO Capital Markets cut their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

Institutional Investors Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in shares of Fair Isaac during the second quarter valued at about $84,295,000. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the last quarter. Andra AP fonden increased its holdings in Fair Isaac by 51.1% during the 2nd quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock valued at $38,387,000 after purchasing an additional 7,100 shares during the period. West Family Investments Inc. bought a new position in Fair Isaac during the 2nd quarter valued at approximately $510,000. Finally, Swiss National Bank lifted its holdings in Fair Isaac by 7.6% in the 2nd quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock worth $135,086,000 after buying an additional 5,200 shares during the period. 85.75% of the stock is currently owned by institutional investors.

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.