William J. Lansing Sells 30,000 Shares of Fair Isaac Corp. (FICO) Stock
Fair Isaac Corp. (NYSE:FICO) insider William J. Lansing sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $128.69, for a total value of $3,860,700.00. Following the completion of the transaction, the insider now directly owns 199,495 shares in the company, valued at $25,673,011.55. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Fair Isaac Corp. (NYSE:FICO) opened at 129.43 on Monday. The company has a market cap of $3.99 billion, a PE ratio of 37.92 and a beta of 1.41. The company has a 50-day moving average of $127.34 and a 200 day moving average of $113.09. Fair Isaac Corp. has a 52-week low of $78.11 and a 52-week high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.72. The firm had revenue of $238.78 million for the quarter, compared to analysts’ expectations of $220.16 million. Fair Isaac Corp. had a net margin of 12.60% and a return on equity of 30.09%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Equities research analysts predict that Fair Isaac Corp. will post $3.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.06%. Fair Isaac Corp.’s dividend payout ratio is currently 2.34%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Miles Capital Inc. boosted its position in Fair Isaac Corp. by 1.5% in the second quarter. Miles Capital Inc. now owns 2,525 shares of the company’s stock valued at $285,000 after buying an additional 37 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Fair Isaac Corp. by 1.3% in the second quarter. Profund Advisors LLC now owns 4,441 shares of the company’s stock valued at $502,000 after buying an additional 55 shares in the last quarter. Alambic Investment Management L.P. boosted its position in shares of Fair Isaac Corp. by 1.7% in the second quarter. Alambic Investment Management L.P. now owns 5,490 shares of the company’s stock valued at $620,000 after buying an additional 90 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Fair Isaac Corp. by 0.8% in the second quarter. UBS Asset Management Americas Inc. now owns 22,484 shares of the company’s stock valued at $2,542,000 after buying an additional 170 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Fair Isaac Corp. by 2.5% in the second quarter. Ameritas Investment Partners Inc. now owns 7,326 shares of the company’s stock valued at $828,000 after buying an additional 178 shares in the last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Barclays PLC boosted their target price on Fair Isaac Corp. from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Zacks Investment Research raised Fair Isaac Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Dougherty & Co assumed coverage on Fair Isaac Corp. in a report on Wednesday, July 13th. They issued a “buy” rating and a $135.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Fair Isaac Corp. presently has a consensus rating of “Buy” and an average target price of $119.00.
About Fair Isaac Corp.
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