Shares of Fair Isaac Corporation (NYSE:FICO) reached a new 52-week high during mid-day trading on Friday following insider buying activity. The stock traded as high as $154.93 and last traded at $154.81, with a volume of 75600 shares. The stock had previously closed at $153.76.

Specifically, Director David A. Rey sold 2,660 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $140.47, for a total value of $373,650.20. Following the transaction, the director now directly owns 11,034 shares of the company’s stock, valued at $1,549,945.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Rey sold 7,340 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the transaction, the director now directly owns 15,714 shares in the company, valued at $2,203,888.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $2,155,385 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

A number of equities analysts have issued reports on FICO shares. BidaskClub downgraded Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Barclays PLC increased their price target on Fair Isaac Corporation from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company increased their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st.

The company has a market cap of $4,740.00, a PE ratio of 38.94, a price-to-earnings-growth ratio of 4.20 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.81 and a current ratio of 0.95.

Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.48. Fair Isaac Corporation had a return on equity of 30.03% and a net margin of 13.76%. The company had revenue of $253.21 million for the quarter, compared to analyst estimates of $249.11 million. During the same period in the prior year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts expect that Fair Isaac Corporation will post 3.68 earnings per share for the current year.

Fair Isaac Corporation declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 1st that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in FICO. OppenheimerFunds Inc. acquired a new position in shares of Fair Isaac Corporation in the first quarter valued at about $292,000. Teachers Advisors LLC increased its holdings in shares of Fair Isaac Corporation by 12.3% in the first quarter. Teachers Advisors LLC now owns 56,387 shares of the technology company’s stock valued at $7,271,000 after purchasing an additional 6,161 shares during the period. Legal & General Group Plc increased its holdings in shares of Fair Isaac Corporation by 28.9% in the first quarter. Legal & General Group Plc now owns 19,711 shares of the technology company’s stock valued at $2,539,000 after purchasing an additional 4,422 shares during the period. Thrivent Financial For Lutherans grew its holdings in Fair Isaac Corporation by 10.2% during the first quarter. Thrivent Financial For Lutherans now owns 5,820 shares of the technology company’s stock worth $750,000 after acquiring an additional 540 shares during the period. Finally, Paloma Partners Management Co grew its holdings in Fair Isaac Corporation by 42.0% during the first quarter. Paloma Partners Management Co now owns 4,783 shares of the technology company’s stock worth $617,000 after acquiring an additional 1,414 shares during the period. 88.10% of the stock is currently owned by institutional investors and hedge funds.

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About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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