Fair Isaac Corporation (NYSE:FICO) Director David A. Rey sold 7,340 shares of Fair Isaac Corporation stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the transaction, the director now directly owns 15,714 shares in the company, valued at $2,203,888.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fair Isaac Corporation (NYSE:FICO) opened at 138.45 on Friday. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 37.12 and a beta of 1.20. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02. The company’s 50-day moving average price is $140.91 and its 200-day moving average price is $134.30.
Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The company had revenue of $231 million for the quarter, compared to analyst estimates of $237.07 million. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. Equities analysts expect that Fair Isaac Corporation will post $4.94 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. BlackRock Inc. increased its position in shares of Fair Isaac Corporation by 23,429.3% in the first quarter. BlackRock Inc. now owns 3,195,752 shares of the technology company’s stock valued at $412,092,000 after buying an additional 3,182,170 shares during the last quarter. Vanguard Group Inc. raised its position in Fair Isaac Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,596,086 shares of the technology company’s stock valued at $361,920,000 after buying an additional 60,042 shares during the period. Atlanta Capital Management Co. L L C raised its position in Fair Isaac Corporation by 4.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock valued at $361,000,000 after buying an additional 117,514 shares during the period. Neuberger Berman Group LLC raised its position in Fair Isaac Corporation by 10.5% in the first quarter. Neuberger Berman Group LLC now owns 1,974,310 shares of the technology company’s stock valued at $254,587,000 after buying an additional 188,227 shares during the period. Finally, RidgeWorth Capital Management LLC raised its position in Fair Isaac Corporation by 3.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,321,285 shares of the technology company’s stock valued at $170,380,000 after buying an additional 44,271 shares during the period. 92.35% of the stock is currently owned by hedge funds and other institutional investors.
FICO has been the topic of a number of research analyst reports. Zacks Investment Research raised Fair Isaac Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised Fair Isaac Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company lifted their target price on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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