Fair Isaac (NYSE:FICO) Shares Down 4.5% – Here’s Why

Fair Isaac Co. (NYSE:FICO)’s stock price fell 4.5% on Friday . The company traded as low as $1,889.08 and last traded at $1,881.50. 205,251 shares were traded during mid-day trading, an increase of 25% from the average session volume of 164,702 shares. The stock had previously closed at $1,969.68.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FICO shares. Barclays increased their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target on the stock. Wells Fargo & Company increased their price objective on 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. Oppenheimer lowered their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price objective on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the stock a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Stock Down 3.7 %

The stock has a fifty day moving average of $2,161.98 and a 200-day moving average of $1,932.20. The stock has a market capitalization of $46.19 billion, a PE ratio of 92.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40.

Insider Buying and Selling

In related news, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Fair Isaac in the third quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of 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 purchasing an additional 6 shares during the period. Versant Capital Management Inc grew its stake in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after buying an additional 20 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the last quarter. 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.