Fair Isaac (NYSE:FICO) Stock Price Down 4.5% - Time to Sell?

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FICO shares. Oppenheimer cut their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Barclays boosted their target price 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. Jefferies Financial Group raised their price target on Fair Isaac from $2,250.00 to $2,275.00 and gave the company a "buy" rating in a report on Wednesday. Robert W. Baird lifted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,087.77.

Fair Isaac Price Performance

The company has a market capitalization of $46.17 billion, a PE ratio of 92.79, a P/E/G ratio of 3.55 and a beta of 1.40. The stock has a 50-day simple moving average of $2,170.64 and a 200 day simple moving average of $1,926.63.

Insider Buying and Selling

In related news, Director Henry Tayloe Stansbury sold 249 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the transaction, the executive vice president now owns 48,895 shares in the company, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock worth $31,258,963 in the last three months. Corporate insiders own 3.54% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at $256,000. Dimensional Fund Advisors LP grew its position in shares of Fair Isaac by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company's stock valued at $156,704,000 after purchasing an additional 5,642 shares during the period. Axxcess Wealth Management LLC increased its stake in Fair Isaac by 93.1% in the second quarter. Axxcess Wealth Management LLC now owns 390 shares of the technology company's stock valued at $581,000 after purchasing an additional 188 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Fair Isaac by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company's stock worth $491,000 after buying an additional 8 shares during the period. Finally, Wealth Alliance boosted its stake in Fair Isaac by 16.3% in the 2nd quarter. Wealth Alliance now owns 456 shares of the technology company's stock worth $679,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

About Fair Isaac

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.

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