📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Fair Isaac director sells $675k in company stock

Published 05/16/2024, 05:19 PM

In a recent transaction, Joanna Rees, a director at Fair Isaac Corp (NYSE:FICO), sold 500 shares of the company's common stock. The transaction, dated May 14, 2024, saw the shares sold at a price of $1350.00 per share, amounting to a total value of $675,000.

The sale was conducted indirectly through the John Hamm & Joanna Rees Trust, as indicated in the filing. Post-transaction, Rees's holdings in Fair Isaac Corp now total 20,618 shares.

Fair Isaac Corp, better known by its ticker symbol FICO, is a company specializing in analytics software and services, including the famed FICO credit scoring system. The company has a broad impact on the financial services sector, with its products being pivotal in credit decisioning and risk management.

Investors often monitor insider transactions as they provide insights into the perspectives of high-ranking officials within the company. While the reasons behind such transactions can vary, they are always of interest to the market as they may reflect the insider's confidence in the company's current status and future prospects.

The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission. It's important for investors to note that the sale does not necessarily indicate a change in the company's outlook or performance, as insiders might sell shares for various reasons unrelated to the company's health, such as diversifying their portfolio or personal financial planning.

InvestingPro Insights

Amid the news of Joanna Rees's recent sale of Fair Isaac Corp shares, investors are keeping a close eye on FICO's financial health and market performance. According to InvestingPro data, FICO currently boasts a robust market capitalization of $34.69 billion and an impressive gross profit margin of 79.74% over the last twelve months as of Q2 2024. This high gross profit margin is a testament to the company's efficiency in managing its cost of goods sold and indicates a strong competitive position in the analytics software market.

However, investors should be aware that the company is trading at a high earnings multiple, with a P/E ratio of 72.31, suggesting a premium valuation. The stock's relative strength index (RSI) also signals that it may be in overbought territory. This could indicate that the stock's price has risen quickly and might be due for a correction, a point of consideration for potential investors.

Despite this, FICO has demonstrated a high return over the last year, with a one-year price total return of 81.42%, reflecting investor confidence and strong market performance. This aligns with the InvestingPro Tip highlighting the company's strong return over the last month, indicating recent positive momentum.

For those interested in a deeper dive into FICO's financials and market performance, there are additional InvestingPro Tips available. These insights can help investors make more informed decisions, especially in light of insider transactions like that of Joanna Rees. To explore these further, visit https://www.investing.com/pro/FICO and don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 18 more InvestingPro Tips listed on InvestingPro, investors have a wealth of information at their fingertips.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.