Michael J. Pung Sells 7,504 Shares of Fair Isaac Co. (FICO) Stock
Posted by Joseph McCarthy on Mar 14th, 2019
Fair Isaac Co. (NYSE:FICO) CFO Michael J. Pung sold 7,504 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $252.53, for a total transaction of $1,894,985.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE FICO opened at $257.81 on Thursday. Fair Isaac Co. has a 12 month low of $162.58 and a 12 month high of $261.08. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.65. The company has a market cap of $7.49 billion, a P/E ratio of 59.40, a P/E/G ratio of 5.38 and a beta of 1.36.
Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.03. Fair Isaac had a net margin of 14.64% and a return on equity of 46.97%. The business had revenue of $262.30 million for the quarter, compared to analyst estimates of $263.93 million. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Sell-side analysts predict that Fair Isaac Co. will post 4.62 EPS for the current fiscal year.
A number of research firms recently commented on FICO. Zacks Investment Research upgraded shares of Fair Isaac from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Barclays upgraded shares of Fair Isaac from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $200.00 to $225.00 in a research note on Friday, November 30th. Finally, ValuEngine upgraded shares of Fair Isaac from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Standard Life Aberdeen plc increased its stake in shares of Fair Isaac by 0.4% during the third quarter. Standard Life Aberdeen plc now owns 232,667 shares of the technology company’s stock valued at $53,176,000 after acquiring an additional 1,041 shares during the period. HRT Financial LLC acquired a new position in Fair Isaac in the third quarter worth approximately $275,000. Cerebellum GP LLC acquired a new position in Fair Isaac in the fourth quarter worth approximately $261,000. Great West Life Assurance Co. Can grew its position in Fair Isaac by 1.2% in the third quarter. Great West Life Assurance Co. Can now owns 24,626 shares of the technology company’s stock worth $5,632,000 after buying an additional 280 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Fair Isaac by 71.7% in the fourth quarter. Fisher Asset Management LLC now owns 134,392 shares of the technology company’s stock worth $25,131,000 after buying an additional 56,138 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.