Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris Sells 520 Shares

Fair Isaac Co. (NYSE:FICO) Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the transaction, the director now directly owns 242 shares in the company, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fair Isaac Price Performance

NYSE:FICO opened at $2,090.98 on Friday. The company has a market capitalization of $50.91 billion, a P/E ratio of 102.25, a P/E/G ratio of 4.05 and a beta of 1.36. The business has a fifty day simple moving average of $2,180.02 and a two-hundred day simple moving average of $1,841.62. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Institutional Investors Weigh In On Fair Isaac

Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in Fair Isaac during the third quarter valued at about $25,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Family Firm Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at approximately $34,000. True Wealth Design LLC boosted its holdings in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FICO shares. 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. The Goldman Sachs Group raised their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird upped their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a report on Friday. They issued a “neutral” rating and a $2,150.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,032.46.

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.