Fair Isaac Co. (NYSE:FICO) Director Sells $582,298.95 in Stock

Fair Isaac Co. (NYSE:FICO) Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $0.35 during trading hours on Wednesday, reaching $2,348.45. The company’s stock had a trading volume of 135,051 shares, compared to its average volume of 170,914. The company has a market capitalization of $57.18 billion, a P/E ratio of 116.53, a P/E/G ratio of 4.35 and a beta of 1.35. The stock’s fifty day simple moving average is $1,973.38 and its two-hundred day simple moving average is $1,664.57. Fair Isaac Co. has a one year low of $1,006.71 and a one year high of $2,402.51.

Fair Isaac declared that its board has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heritage Family Offices LLP boosted its position in shares of Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its stake in shares of Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after acquiring an additional 6 shares in the last quarter. Covestor Ltd raised its holdings in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FICO has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. The Goldman Sachs Group upped their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

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.