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 completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fair Isaac Price Performance

Shares of FICO opened at $2,360.36 on Tuesday. Fair Isaac Co. has a 1 year low of $1,067.36 and a 1 year high of $2,402.51. The company has a market capitalization of $57.47 billion, a price-to-earnings ratio of 115.42, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. The business has a 50-day moving average of $2,064.93 and a 200-day moving average of $1,735.38.

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

Analysts Set New Price Targets

Several research firms recently weighed in 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 research note 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 note on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Robert W. Baird increased their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Oppenheimer increased their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds have recently made changes to their positions in FICO. Quent Capital LLC increased its holdings in Fair Isaac by 11.4% in the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after purchasing an additional 24 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Fair Isaac in the first quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the first quarter worth approximately $26,000. Janus Henderson Group PLC increased its holdings in Fair Isaac by 19.1% in the first quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock worth $5,009,000 after purchasing an additional 644 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in Fair Isaac by 9.2% in the first quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock worth $655,000 after purchasing an additional 44 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Company Profile

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.