Fair Isaac (NYSE:FICO) Shares Gap Down on Disappointing Earnings

Fair Isaac Co. (NYSE:FICO - Get Free Report) shares gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $1,809.70, but opened at $1,649.34. Fair Isaac shares last traded at $1,742.41, with a volume of 9,343 shares traded.

The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FICO shares. Jefferies Financial Group reduced their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Wednesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Barclays increased their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $2,078.15.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company's stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. Corporate insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in Fair Isaac during the 3rd quarter worth approximately $25,000. True Wealth Design LLC raised its stake in Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after buying an additional 18 shares during the last quarter. Berbice Capital Management LLC acquired a new position in Fair Isaac in the fourth quarter valued at $40,000. Meeder Asset Management Inc. boosted its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after acquiring an additional 6 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac during the 4th quarter worth about $42,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 1.5 %

The stock has a market capitalization of $45.40 billion, a P/E ratio of 85.31, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The company has a 50-day moving average price of $2,018.44 and a two-hundred day moving average price of $1,961.65.

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.