Fair Isaac Co. (NYSE:FICO) insider James M. Wehmann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $235.63, for a total transaction of $4,712,600.00. Following the completion of the transaction, the insider now owns 109,726 shares of the company’s stock, valued at $25,854,737.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of FICO stock opened at $240.03 on Friday. Fair Isaac Co. has a fifty-two week low of $131.52 and a fifty-two week high of $241.10. The stock has a market cap of $6.90 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 5.26 and a beta of 1.29. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.84 and a current ratio of 0.84.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, July 26th. The technology company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.49. Fair Isaac had a return on equity of 39.61% and a net margin of 13.12%. The business had revenue of $259.50 million for the quarter, compared to analyst estimates of $257.49 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. sell-side analysts predict that Fair Isaac Co. will post 4.5 EPS for the current year.
Several hedge funds have recently modified their holdings of FICO. Valley Forge Capital Management LP purchased a new stake in shares of Fair Isaac during the second quarter worth about $61,684,000. Millennium Management LLC grew its stake in shares of Fair Isaac by 307.3% during the second quarter. Millennium Management LLC now owns 192,104 shares of the technology company’s stock worth $37,138,000 after acquiring an additional 144,938 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Fair Isaac during the second quarter worth about $17,879,000. Paloma Partners Management Co grew its stake in shares of Fair Isaac by 2,551.1% during the second quarter. Paloma Partners Management Co now owns 85,099 shares of the technology company’s stock worth $16,451,000 after acquiring an additional 81,889 shares during the last quarter. Finally, First Quadrant L P CA grew its stake in shares of Fair Isaac by 2,316.1% during the second quarter. First Quadrant L P CA now owns 63,206 shares of the technology company’s stock worth $12,219,000 after acquiring an additional 60,590 shares during the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.
A number of brokerages have commented on FICO. ValuEngine downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Zacks Investment Research upgraded shares of Fair Isaac from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Barclays boosted their target price on shares of Fair Isaac from $190.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co boosted their target price on shares of Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $208.50.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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