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In a recent transaction disclosed by Fair Isaac Corp (NYSE:FICO), Steven P. Weber, the company's Executive Vice President and Chief Financial Officer, sold shares of the company stock totaling approximately $273,054. The sale occurred on January 9, 2025, at a price of $1,964.42 per share. The transaction comes as FICO trades near $1,950, having delivered an impressive 58% return over the past year. According to InvestingPro analysis, the stock appears overvalued, currently trading at a P/E ratio of 93.
Additionally, Weber acquired 421 shares of common stock at no cost through the vesting of restricted stock units. This transaction was also executed on January 9, 2025. Following these transactions, Weber holds 2,477.9613 shares directly.
The shares sold were withheld by the company to cover taxes due at the vesting of earned restricted stock units. As part of the same transaction, Weber exercised restricted stock units, which do not have an associated exercise price.
In other recent news, Fair Isaac Corporation, also known as FICO, has reported robust financial results for the fourth quarter of 2024, highlighting a revenue growth of 13.5% over the last twelve months and impressive gross profit margins of nearly 80%. The company's Scores business, projected to account for 54% of its fiscal year 2024 revenues, has seen significant price increases, contributing to the acceleration of the company's revenue growth. The Software (ETR:SOWGn) segment, expected to make up 46% of its fiscal year 2024 revenues, has shown promising development with the early success of the FICO Platform, a cloud-native solution for credit decisioning and advanced business analytics.
Analysts from Raymond (NS:RYMD) James, JPMorgan, and Oppenheimer have recently adjusted their outlooks on FICO. Raymond James cut the price target for 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, increasing the price target to $2,515 from the previous $2,324, maintaining an Outperform rating on the stock. The adjustments reflect the analysts' confidence in FICO's future performance and long-term pricing power.
These are the recent developments for Fair Isaac Corporation, indicating the company's cautious yet proactive approach in navigating the global analytics software market.
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