Marc F. McMorris, a director at Fair Isaac Corp (NYSE:FICO), recently sold 520 shares of the company's common stock, according to a recent SEC filing. The shares were sold at an average price of $2,152.57 each, totaling approximately $1,119,335. The transaction comes as FICO shares have delivered an impressive 77% return over the past year, with the company now commanding a market capitalization of nearly $50 billion. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
On the same day, McMorris also acquired 520 shares through the exercise of non-qualified stock options at a price of $455.13 per share. This transaction was valued at approximately $236,667. Following these transactions, McMorris now holds 242 shares of Fair Isaac Corp directly.
Fair Isaac Corp, known for its FICO credit scores, continues to be a significant player in the business services sector.
In other recent news, Fair Isaac Corporation, also known as FICO, has announced its financial results for the fourth quarter of 2024, demonstrating impressive gross profit margins of nearly 80% and a revenue growth of 13.5% over the last twelve months. The earnings call, led by key management figures, provided a detailed comparison of the results with those of the preceding year and quarter. The call included forward-looking statements and non-GAAP financial measures, hinting at a strategic approach towards transparency in operations and future expectations.
FICO's management also acknowledged potential risks and uncertainties that might impact future results, directing listeners to more detailed SEC filings. Meanwhile, Oppenheimer updated its outlook on FICO shares, increasing the price target to $2,515 from the previous $2,324 and maintaining an Outperform rating on the stock. This reassessment reflects a belief that recent election results and potential regulatory relaxations from the Federal Housing Finance Agency and the Consumer Financial Protection Bureau could favorably impact FICO's operations.
These recent developments highlight FICO's proactive approach to navigating the global analytics software market. However, investors are reminded that these projections are subject to change due to various influencing factors.
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