Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann sold 10,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $196.43, for a total value of $1,964,300.00. Following the sale, the executive vice president now directly owns 99,726 shares in the company, valued at $19,589,178.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of FICO traded down $3.42 during trading hours on Friday, hitting $187.06. 1,731 shares of the company were exchanged, compared to its average volume of 215,843. The firm has a market cap of $5.58 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 3.94 and a beta of 1.43. Fair Isaac Co. has a fifty-two week low of $152.46 and a fifty-two week high of $241.10. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.80 and a current ratio of 0.80.
Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.13). The company had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. Fair Isaac had a return on equity of 45.11% and a net margin of 13.79%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. On average, research analysts predict that Fair Isaac Co. will post 4.89 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. lifted its position in shares of Fair Isaac by 23.0% during the 3rd quarter. Marshall Wace North America L.P. now owns 373,263 shares of the technology company’s stock worth $85,309,000 after buying an additional 69,723 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Fair Isaac by 201.4% during the 3rd quarter. Marshall Wace LLP now owns 23,881 shares of the technology company’s stock worth $5,458,000 after buying an additional 15,958 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Fair Isaac by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,590,921 shares of the technology company’s stock worth $592,154,000 after buying an additional 33,669 shares during the last quarter. Standard Life Aberdeen plc lifted its position in shares of Fair Isaac by 0.4% during the 3rd quarter. Standard Life Aberdeen plc now owns 232,667 shares of the technology company’s stock worth $53,176,000 after buying an additional 1,041 shares during the last quarter. Finally, Sawgrass Asset Management LLC lifted its position in shares of Fair Isaac by 73.1% during the 3rd quarter. Sawgrass Asset Management LLC now owns 4,465 shares of the technology company’s stock worth $1,020,000 after buying an additional 1,885 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.
Several research firms have recently issued reports on FICO. Barclays increased their target price on Fair Isaac to $200.00 in a report on Sunday, December 2nd. Zacks Investment Research lowered Fair Isaac from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Wells Fargo & Co set a $250.00 target price on Fair Isaac and gave the stock a “buy” rating in a report on Sunday, November 4th. Finally, ValuEngine lowered Fair Isaac from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $208.50.
About Fair Isaac
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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