Fair Isaac Corp. (FICO) Insider William J. Lansing Sells 7,000 Shares of Stock
Fair Isaac Corp. (NYSE:FICO) insider William J. Lansing sold 7,000 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $124.12, for a total transaction of $868,840.00. Following the transaction, the insider now owns 165,395 shares of the company’s stock, valued at $20,528,827.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Fair Isaac Corp. (NYSE:FICO) opened at 122.16 on Thursday. The company has a 50-day moving average price of $128.01 and a 200-day moving average price of $116.03. The firm has a market capitalization of $3.77 billion, a P/E ratio of 35.79 and a beta of 1.33. Fair Isaac Corp. has a 12-month low of $78.11 and a 12-month high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.72. Fair Isaac Corp. had a net margin of 12.60% and a return on equity of 30.09%. The business earned $238.78 million during the quarter, compared to analyst estimates of $220.16 million. During the same period in the previous year, the business earned $1.00 EPS. Fair Isaac Corp.’s revenue was up 14.0% compared to the same quarter last year. Equities analysts predict that Fair Isaac Corp. will post $3.13 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Monday, September 12th. Fair Isaac Corp.’s payout ratio is 2.34%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP purchased a new position in shares of Fair Isaac Corp. during the first quarter valued at approximately $339,000. Wellington Management Group LLP increased its position in shares of Fair Isaac Corp. by 8.7% in the first quarter. Wellington Management Group LLP now owns 918,548 shares of the company’s stock valued at $97,449,000 after buying an additional 73,540 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fair Isaac Corp. by 6.8% in the first quarter. Geode Capital Management LLC now owns 202,253 shares of the company’s stock valued at $21,457,000 after buying an additional 12,805 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Fair Isaac Corp. during the first quarter valued at approximately $110,000. Finally, State Street Corp increased its position in shares of Fair Isaac Corp. by 2.3% in the first quarter. State Street Corp now owns 1,016,898 shares of the company’s stock valued at $107,883,000 after buying an additional 23,161 shares during the last quarter. 90.91% of the stock is owned by hedge funds and other institutional investors.
FICO has been the subject of several research analyst reports. Dougherty & Co initiated coverage on shares of Fair Isaac Corp. in a report on Wednesday, July 13th. They set a “buy” rating and a $135.00 price target for the company. Barclays PLC downgraded shares of Fair Isaac Corp. from an “overweight” rating to an “equal weight” rating and set a $135.00 price target for the company. in a report on Wednesday, September 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Fair Isaac Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Fair Isaac Corp. presently has a consensus rating of “Buy” and an average target price of $119.00.
Fair Isaac Corp. Company Profile
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