Fair Isaac Co. (NYSE:FICO – Get Free Report) 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
Check Out Our Latest Stock Report on FICO
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.
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