Insider Selling: Fair Isaac Co. (NYSE:FICO) CFO Sells 7,996 Shares of Stock

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Fair Isaac Co. (NYSE:FICO) CFO Michael J. Pung sold 7,996 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $339.83, for a total value of $2,717,280.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE FICO opened at $344.43 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $9.99 billion, a P/E ratio of 79.36 and a beta of 1.23. Fair Isaac Co. has a 12 month low of $170.26 and a 12 month high of $346.98. The business’s 50-day simple moving average is $310.84.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.07). Fair Isaac had a net margin of 14.47% and a return on equity of 51.46%. The firm had revenue of $278.20 million during the quarter, compared to analyst estimates of $281.17 million. During the same period in the prior year, the company earned $1.50 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Fair Isaac Co. will post 4.92 EPS for the current year.

FICO has been the subject of several research analyst reports. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Wells Fargo & Co lowered their target price on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st.

Institutional investors have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its position in Fair Isaac by 146.9% during the 2nd quarter. Hennessy Advisors Inc. now owns 5,741 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 3,416 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Fair Isaac during the 2nd quarter valued at approximately $295,000. Hexavest Inc. acquired a new stake in Fair Isaac during the 2nd quarter valued at approximately $323,000. Empowered Funds LLC acquired a new stake in Fair Isaac during the 2nd quarter valued at approximately $1,184,000. Finally, WINTON GROUP Ltd boosted its holdings in shares of Fair Isaac by 3,354.7% during the 2nd quarter. WINTON GROUP Ltd now owns 82,290 shares of the technology company’s stock worth $25,841,000 after buying an additional 79,908 shares in the last quarter. 84.15% of the stock is owned by institutional investors.

Fair Isaac Company Profile

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.

Further Reading: What are retained earnings?

Insider Buying and Selling by Quarter for Fair Isaac (NYSE:FICO)

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