In a recent transaction disclosed by Fair Isaac Corp (NYSE: ), Steven P. Weber, the company’s Executive Vice President and Chief Financial Officer, sold company stock worth approximately $273,054 in total. The sale took place on January 9, 2025 at a price of $1,964.42 per share. The transaction comes as FICO trades near $1,950, after posting an impressive 58% return over the past year. According to InvestingPro analysis, the stock appears to be overvalued, currently trading at a P/E ratio of 93.
In addition, Weber acquired 421 shares of common stock at no cost through the vesting of restricted stock units. This transaction also took place on January 9, 2025. Following these transactions, Weber directly holds 2,477.9613 shares.
The shares sold were retained by the company to cover taxes due on the vesting of vested restricted stock units. As part of the same transaction, Weber exercised restricted stock units, which have no associated exercise price.
In other recent news, Fair Isaac Corporation, also known as FICO, reported strong financial results for the fourth quarter of 2024, highlighting revenue growth of 13.5% over the trailing twelve months and an impressive gross profit margin of nearly 80%. The company’s Scores business, which is projected to account for 54% of its revenue in fiscal 2024, has seen significant price increases, which has helped accelerate the company’s revenue growth. The Software (ETR:) segment, which is expected to account for 46% of its revenues in fiscal 2024, has shown promising development with the early success of the FICO platform, a cloud-based solution for credit decision-making and advanced business analytics.
Analysts from Raymond (NS:) James, JPMorgan and Oppenheimer recently adjusted their views on FICO. Raymond James cut their price target on FICO from $2,200.00 to $2,090.00, maintaining an Outperform rating on the stock, while JPMorgan initiated coverage on FICO with a Neutral rating and a price target set at $2,150. Oppenheimer updated its outlook, raising its target price to $2,515 from $2,324 previously, maintaining an outperform rating on the stock. The adjustments reflect analysts’ confidence in FICO’s future performance and long-term pricing power.
These are recent developments for Fair Isaac Corporation, indicating the company’s cautious but proactive approach in navigating the global analytics software market.
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