Fair Isaac Co. (NYSE:FICO) EVP Sells $8,308,475.00 in Stock

Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fair Isaac Stock Down 6.1 %

NYSE:FICO traded down $144.72 during trading hours on Monday, hitting $2,227.11. 189,007 shares of the company’s stock traded hands, compared to its average volume of 168,844. The firm has a market cap of $54.23 billion, a P/E ratio of 115.98, a P/E/G ratio of 4.37 and a beta of 1.36. The business’s fifty day simple moving average is $2,144.84 and its two-hundred day simple moving average is $1,797.90. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

FICO has been the subject of several recent research reports. Oppenheimer lifted their price objective on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Barclays boosted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,022.67.

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.