Insider Selling: Fair Isaac Co. (NYSE:FICO) EVP Sells 3,000 Shares of Stock

Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now owns 51,911 shares in the company, valued at approximately $113,954,508.09. This trade represents a 5.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $1.35 during midday trading on Monday, hitting $2,170.24. 147,845 shares of the stock were exchanged, compared to its average volume of 168,882. The company has a market capitalization of $52.84 billion, a PE ratio of 106.14, a P/E/G ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The business’s fifty day simple moving average is $2,170.83 and its two-hundred day simple moving average is $1,826.63.

Wall Street Analyst Weigh In

FICO has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Finally, Oppenheimer increased their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average price target of $2,022.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FICO. Capital Performance Advisors LLP bought a new stake in Fair Isaac in the third quarter valued at about $25,000. Tortoise Investment Management LLC lifted its position in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Fair Isaac in the second quarter valued at approximately $34,000. True Wealth Design LLC raised its position in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

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.