Fair Isaac Co. (NYSE:FICO) EVP Thomas A. Bowers Sells 3,000 Shares

Fair Isaac Co. (NYSE:FICO) EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Fair Isaac Stock Performance

NYSE FICO traded up $34.17 during mid-day trading on Wednesday, reaching $1,808.83. 149,672 shares of the stock were exchanged, compared to its average volume of 180,209. The company has a market capitalization of $44.70 billion, a P/E ratio of 93.16, a P/E/G ratio of 4.26 and a beta of 1.34. The business’s 50 day moving average is $1,528.55 and its 200-day moving average is $1,356.02. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,812.67.

Fair Isaac announced that its board has approved a share buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wolfe Research initiated coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday. Barclays lifted their price objective on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Raymond James upped their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,515.82.

Hedge Funds Weigh In On Fair Isaac

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in Fair Isaac by 75.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 441 shares of the technology company’s stock worth $513,000 after acquiring an additional 189 shares during the period. Cerity Partners LLC boosted its holdings in Fair Isaac by 35.1% in the 4th quarter. Cerity Partners LLC now owns 504 shares of the technology company’s stock worth $587,000 after buying an additional 131 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Fair Isaac by 23.4% during the 4th quarter. Koshinski Asset Management Inc. now owns 295 shares of the technology company’s stock worth $343,000 after buying an additional 56 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Fair Isaac during the fourth quarter valued at approximately $1,746,000. Finally, Vontobel Holding Ltd. lifted its position in shares of Fair Isaac by 6.7% in the fourth quarter. Vontobel Holding Ltd. now owns 898 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.