Shares of Fair Isaac Co. (NYSE:FICO – Get Rating) fell 3.3% on Wednesday after an insider sold shares in the company. The stock traded as low as $760.93 and last traded at $764.28. 83,107 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 249,611 shares. The stock had previously closed at $789.99.
Specifically, EVP Stephanie Covert sold 1,335 shares of Fair Isaac stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $740.34, for a total value of $988,353.90. Following the completion of the sale, the executive vice president now owns 8,067 shares of the company’s stock, valued at $5,972,322.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David A. Rey sold 1,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $791.05, for a total value of $791,050.00. Following the transaction, the director now directly owns 1,303 shares of the company’s stock, valued at approximately $1,030,738.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephanie Covert sold 1,335 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $740.34, for a total value of $988,353.90. Following the completion of the sale, the executive vice president now owns 8,067 shares of the company’s stock, valued at approximately $5,972,322.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,659 shares of company stock worth $2,783,764. Insiders own 3.37% of the company’s stock.
Wall Street Analysts Forecast Growth
FICO has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Fair Isaac from $820.00 to $920.00 in a research report on Monday, May 22nd. StockNews.com assumed coverage on Fair Isaac in a report on Thursday, May 18th. They set a “hold” rating on the stock. Needham & Company LLC upped their price objective on Fair Isaac from $825.00 to $855.00 in a research note on Monday, May 22nd. 3M reissued a “maintains” rating on shares of Fair Isaac in a research note on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Fair Isaac from $743.00 to $759.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $810.86.
Fair Isaac Stock Performance
Institutional Investors Weigh In On Fair Isaac
Large investors have recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new stake in shares of Fair Isaac in the 1st quarter worth about $750,000. ProShare Advisors LLC boosted its holdings in shares of Fair Isaac by 105.8% in the 1st quarter. ProShare Advisors LLC now owns 4,625 shares of the technology company’s stock worth $3,250,000 after purchasing an additional 2,378 shares during the period. Toroso Investments LLC raised its holdings in Fair Isaac by 34.4% during the 1st quarter. Toroso Investments LLC now owns 1,335 shares of the technology company’s stock valued at $938,000 after buying an additional 342 shares during the period. Raleigh Capital Management Inc. boosted its stake in Fair Isaac by 34.2% during the first quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock worth $36,000 after buying an additional 13 shares during the period. Finally, Putnam Investments LLC increased its position in Fair Isaac by 747.5% during the first quarter. Putnam Investments LLC now owns 66,205 shares of the technology company’s stock valued at $46,522,000 after acquiring an additional 58,393 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.
Fair Isaac Company Profile
Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
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