Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris Sells 520 Shares

Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company’s stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $2,044.89 on Friday. The firm has a fifty day moving average price of $2,180.02 and a 200 day moving average price of $1,841.62. The stock has a market cap of $49.79 billion, a PE ratio of 99.99, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Institutional Trading of Fair Isaac

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter valued at $25,000. Tortoise Investment Management LLC grew its position in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the period. Family Firm Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at about $34,000. True Wealth Design LLC raised its holdings 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 period. Finally, Meeder Asset Management Inc. boosted its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research report on Friday. They issued a “neutral” rating and a $2,150.00 price objective for the company. Needham & Company LLC raised their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Barclays lifted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer upped their price target on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,032.46.

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.