Insider Selling: Fair Isaac Corporation (FICO) Director Sells $752,300.00 in Stock
Fair Isaac Corporation (NYSE:FICO) Director A George Battle sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $150.46, for a total value of $752,300.00. Following the completion of the transaction, the director now directly owns 21,259 shares of the company’s stock, valued at $3,198,629.14. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Fair Isaac Corporation (NYSE:FICO) opened at $152.55 on Monday. Fair Isaac Corporation has a one year low of $109.77 and a one year high of $153.26. The firm has a market capitalization of $4,672.63, a P/E ratio of 38.43, a P/E/G ratio of 4.30 and a beta of 1.26. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.
Fair Isaac Corporation (NYSE:FICO) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.48. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $249.11 million. Fair Isaac Corporation had a return on equity of 30.03% and a net margin of 13.76%. Fair Isaac Corporation’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. equities analysts predict that Fair Isaac Corporation will post 3.55 earnings per share for the current fiscal year.
Fair Isaac Corporation declared that its board has authorized a stock repurchase program on Wednesday, November 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
FICO has been the subject of several research analyst reports. BidaskClub downgraded Fair Isaac Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Wells Fargo & Company raised their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC raised their price objective on Fair Isaac Corporation from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday.
Institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC purchased a new position in Fair Isaac Corporation during the second quarter worth $138,000. Acrospire Investment Management LLC purchased a new position in Fair Isaac Corporation during the second quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fair Isaac Corporation by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after buying an additional 161 shares in the last quarter. Advisory Services Network LLC increased its position in Fair Isaac Corporation by 17.9% during the second quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after buying an additional 197 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Fair Isaac Corporation during the second quarter worth $208,000. 88.10% of the stock is owned by institutional investors.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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