Fair Isaac Co. (NYSE:FICO – Get Rating)’s stock price fell 7.2% on Thursday after an insider sold shares in the company. The stock traded as low as $572.61 and last traded at $573.40. 8,135 shares were traded during mid-day trading, a decline of 97% from the average session volume of 280,966 shares. The stock had previously closed at $617.87.Specifically, EVP Mark R. Scadina sold 13,793 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the completion of the transaction, the executive vice president now owns 19,186 shares in the company, valued at approximately $11,536,158.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Michael S. Leonard sold 1,934 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the completion of the transaction, the chief accounting officer now directly owns 5,237 shares in the company, valued at approximately $3,143,299.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark R. Scadina sold 13,793 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the transaction, the executive vice president now owns 19,186 shares of the company’s stock, valued at $11,536,158.08. The disclosure for this sale can be found here. 3.27% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Fair Isaac from $545.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, November 11th. Needham & Company LLC raised their target price on shares of Fair Isaac from $600.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Robert W. Baird downgraded shares of Fair Isaac from an “outperform” rating to a “neutral” rating and cut their target price for the company from $546.00 to $475.00 in a research note on Thursday, October 6th. StockNews.com downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $541.00 to $614.00 and gave the stock a “buy” rating in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $597.80.
Fair Isaac Stock Down 7.2 %
The company’s fifty day moving average price is $452.29 and its 200 day moving average price is $434.11. The company has a market capitalization of $14.32 billion, a P/E ratio of 40.38 and a beta of 1.23.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FICO. Strs Ohio lifted its holdings in shares of Fair Isaac by 67.7% during the first quarter. Strs Ohio now owns 555 shares of the technology company’s stock worth $258,000 after purchasing an additional 224 shares during the period. Park Avenue Securities LLC increased its position in shares of Fair Isaac by 21.8% during the first quarter. Park Avenue Securities LLC now owns 1,750 shares of the technology company’s stock worth $816,000 after acquiring an additional 313 shares in the last quarter. Whittier Trust Co. grew its position in Fair Isaac by 6.7% in the 1st quarter. Whittier Trust Co. now owns 11,076 shares of the technology company’s stock worth $5,166,000 after purchasing an additional 694 shares in the last quarter. Atria Investments LLC grew its position in Fair Isaac by 2.9% in the 1st quarter. Atria Investments LLC now owns 2,838 shares of the technology company’s stock worth $1,324,000 after purchasing an additional 79 shares in the last quarter. Finally, Hallmark Capital Management Inc. boosted its stake in Fair Isaac by 7.8% in the first quarter. Hallmark Capital Management Inc. now owns 675 shares of the technology company’s stock valued at $315,000 after acquiring an additional 49 shares during the last quarter. 86.95% of the stock is owned by institutional investors.
About Fair Isaac
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.