Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann Sells 3,500 Shares

Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fair Isaac Trading Up 0.2 %

NYSE FICO traded up $5.01 on Monday, reaching $2,360.36. 283,463 shares of the company were exchanged, compared to its average volume of 169,599. Fair Isaac Co. has a fifty-two week low of $1,067.36 and a fifty-two week high of $2,402.51. The stock has a market capitalization of $57.47 billion, a P/E ratio of 114.85, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. The business’s fifty day moving average price is $2,055.62 and its 200 day moving average price is $1,727.82.

Fair Isaac declared that its Board of Directors has approved a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Fair Isaac in the 1st quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac in the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its position in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new position in Fair Isaac during the second quarter worth $34,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on FICO. Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

About Fair Isaac

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.