James M. Wehmann, Executive Vice President of Fair Isaac Corp (NYSE:FICO), recently sold a significant portion of his holdings in the company. The sale comes as FICO's stock has delivered an impressive 92% return over the past year, with the company now commanding a market capitalization of $52.8 billion. According to a Form 4 filing with the Securities and Exchange Commission, Wehmann sold a total of 2,318 shares of common stock on December 12, 2024. The shares were sold at prices ranging from $2,176.57 to $2,206.59, resulting in a total transaction value of approximately $6.59 million.
Following these transactions, Wehmann retains ownership of 51,911 shares of Fair Isaac Corp. The sales were executed in multiple trades, and the reported prices reflect the weighted average sale price. The transactions were part of a pre-arranged trading plan.
In other recent news, Fair Isaac Corporation, also known as FICO, has reported its financial results for the fourth quarter of 2024. The earnings call, led by key management figures, did not highlight any specific financial misses but emphasized potential risks and uncertainties that might impact future results. This information underscores FICO's cautious yet proactive approach to navigating the global analytics software market.
In other developments, Oppenheimer has updated its outlook on FICO, increasing the price target to $2,515 from the previous $2,324 while maintaining an Outperform rating on the stock. This reassessment comes with the belief that recent election results and potential regulatory relaxations could benefit the company.
Despite additional disclosures on share-based compensation expenses and excess tax benefit adjustments leading to lower estimates, Oppenheimer raised the price target, reflecting increased confidence in FICO's long-term pricing power. The firm suggests that investors maintain their positions in FICO, indicating value in holding onto the stock for the longer term. These are among the recent developments concerning FICO.
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