Fair Isaac Co. (NYSE:FICO – Get Rating) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 741,900 shares, a drop of 7.6% from the December 31st total of 803,100 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average trading volume of 214,000 shares, the short-interest ratio is currently 3.5 days.
Insider Buying and Selling
In related news, Director Joanna Rees sold 244 shares of the firm's stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $594.02, for a total value of $144,940.88. Following the completion of the transaction, the director now owns 3,428 shares in the company, valued at approximately $2,036,300.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joanna Rees sold 244 shares of Fair Isaac stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $594.02, for a total value of $144,940.88. Following the completion of the transaction, the director now owns 3,428 shares in the company, valued at approximately $2,036,300.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michael S. Leonard sold 640 shares of Fair Isaac stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $629.25, for a total value of $402,720.00. Following the completion of the transaction, the chief accounting officer now owns 5,237 shares of the company's stock, valued at approximately $3,295,382.25. The disclosure for this sale can be found here. Insiders sold 20,072 shares of company stock worth $12,180,047 in the last 90 days. Insiders own 3.37% of the company's stock.
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Hedge Funds Weigh In On Fair Isaac
Several large investors have recently bought and sold shares of FICO. Lindbrook Capital LLC boosted its stake in shares of Fair Isaac by 79.2% during the fourth quarter. Lindbrook Capital LLC now owns 43 shares of the technology company's stock worth $26,000 after buying an additional 19 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $30,000. Accurate Wealth Management LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $41,000. Lazard Asset Management LLC boosted its stake in shares of Fair Isaac by 97.5% during the second quarter. Lazard Asset Management LLC now owns 79 shares of the technology company's stock worth $31,000 after buying an additional 39 shares during the period. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Fair Isaac by 52.6% during the fourth quarter. Eagle Bay Advisors LLC now owns 87 shares of the technology company's stock worth $52,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on FICO. Jefferies Financial Group boosted their target price on Fair Isaac from $715.00 to $745.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada boosted their target price on Fair Isaac from $463.00 to $685.00 and gave the stock a "sector perform" rating in a report on Friday. Barclays lifted their price target on shares of Fair Isaac from $575.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday, December 2nd. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $709.00 to $807.00 and gave the company a "buy" rating in a research report on Friday. Finally, StockNews.com lowered shares of Fair Isaac from a "buy" rating to a "hold" rating in a research report on Sunday, November 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $727.43.
Fair Isaac Trading Down 2.4 %
Fair Isaac stock opened at $644.28 on Tuesday. The stock's fifty day simple moving average is $611.32 and its 200-day simple moving average is $514.93. The firm has a market capitalization of $16.21 billion, a P/E ratio of 43.10 and a beta of 1.28. Fair Isaac has a twelve month low of $340.48 and a twelve month high of $676.98.
Fair Isaac (NYSE:FICO – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The technology company reported $3.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.56. Fair Isaac had a net margin of 27.59% and a negative return on equity of 47.61%. The company had revenue of $348.75 million during the quarter, compared to the consensus estimate of $355.10 million. Sell-side analysts predict that Fair Isaac will post 16.07 earnings per share for the current year.
About Fair Isaac
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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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