Insider Selling: Fair Isaac Co. (NYSE:FICO) EVP Sells 3,500 Shares of Stock

Fair Isaac Co. (NYSE:FICO) EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares in the company, valued at $113,456,446.95. The trade was a 6.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Fair Isaac Stock Performance

FICO stock opened at $2,354.00 on Thursday. The firm has a market cap of $57.32 billion, a PE ratio of 115.11, a P/E/G ratio of 4.34 and a beta of 1.35. The firm’s fifty day moving average is $2,074.84 and its 200 day moving average is $1,742.79. Fair Isaac Co. has a one year low of $1,067.36 and a one year high of $2,402.51.

Analysts Set New Price Targets

A number of research analysts have issued reports on FICO shares. Oppenheimer upped their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Barclays upped their price target on shares of 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. Robert W. Baird upped their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Institutional Trading of Fair Isaac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the first quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the first quarter valued at $26,000. Tortoise Investment Management LLC grew its position in Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the period. Finally, Family Firm Inc. purchased a new position in Fair Isaac during the second quarter valued at $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.