Fair Isaac Co. (NYSE:FICO) EVP Thomas A. Bowers Sells 3,000 Shares

Fair Isaac Co. (NYSE:FICO) EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Fair Isaac Trading Down 4.2 %

Shares of NYSE FICO opened at $1,733.55 on Friday. The company has a 50-day moving average of $1,545.80 and a two-hundred day moving average of $1,361.78. The company has a market cap of $42.84 billion, a PE ratio of 91.00, a P/E/G ratio of 4.26 and a beta of 1.34. Fair Isaac Co. has a 1-year low of $811.99 and a 1-year high of $1,818.02.

Fair Isaac announced that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FICO shares. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday. Raymond James increased their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,515.82.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of the company. Cornercap Investment Counsel Inc. bought a new position in shares of Fair Isaac during the 4th quarter valued at about $249,000. Commerce Bank increased its position in shares of Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares during the last quarter. Seven Eight Capital LP raised its stake in shares of Fair Isaac by 140.0% during the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 840 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after acquiring an additional 9,094 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.