Insider Selling: Fair Isaac Co. (NYSE:FICO) CFO Sells $273,054.38 in Stock

Fair Isaac Co. (NYSE:FICO) CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Fair Isaac Trading Down 2.9 %

Fair Isaac stock opened at $1,971.70 on Friday. Fair Isaac Co. has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The stock has a market cap of $48.01 billion, a P/E ratio of 96.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. The stock has a 50 day moving average of $2,174.74 and a 200-day moving average of $1,926.32.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FICO shares. Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price target on Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,087.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its position in shares of Fair Isaac by 30.2% during the second quarter. Private Advisor Group LLC now owns 535 shares of the technology company’s stock worth $796,000 after purchasing an additional 124 shares during the last quarter. LPL Financial LLC grew its position in shares of Fair Isaac by 4.2% in the 2nd quarter. LPL Financial LLC now owns 26,307 shares of the technology company’s stock worth $39,161,000 after acquiring an additional 1,050 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Fair Isaac by 52.7% in the 2nd quarter. Meeder Advisory Services Inc. now owns 252 shares of the technology company’s stock valued at $375,000 after acquiring an additional 87 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Fair Isaac by 9.1% during the 2nd quarter. Federated Hermes Inc. now owns 11,835 shares of the technology company’s stock valued at $17,618,000 after acquiring an additional 986 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Fair Isaac by 22.9% during the second quarter. Parallel Advisors LLC now owns 451 shares of the technology company’s stock worth $671,000 after purchasing an additional 84 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

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.