James M. Wehmann, Executive Vice President at Fair Isaac Corp (NYSE:FICO), has recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Wehmann sold shares totaling approximately $8.1 million on November 21, 2024.
The transactions involved multiple sales of common stock at prices ranging from $2,297.88 to $2,341.93 per share. Following these transactions, Wehmann's direct ownership of Fair Isaac shares stands at 48,895 shares.
These sales are part of a series of transactions executed on the same date, reflecting the weighted average sale prices as reported in the filing. The sales were conducted under a pre-arranged trading plan, which is often used by executives to manage their holdings in a structured manner.
In other recent news, Fair Isaac Corporation, commonly known as FICO, has disclosed its financial results for the fourth quarter of 2024. This announcement highlighted the company's performance and future expectations, comparing the current results to those of the previous year and quarter. The management team, including CEO Will Lansing and CFO Steve Weber, presented the results and provided insights into the company's financial health and outlook.
FICO's recent developments also encompassed forward-looking statements and non-GAAP financial measures, offering a strategic perspective on the company's operations. The company acknowledged potential risks and uncertainties that could affect future outcomes, directing stakeholders to consult SEC filings for a more detailed understanding of these factors.
Despite the absence of specific financial misses in the call, FICO's management maintained a cautious approach, recognizing the various factors that could influence future results. The company's earnings call did not summarize any specific questions and answers from the Q&A session. These recent developments serve as key communications to investors and analysts monitoring FICO's progress in the global analytics software market.
InvestingPro Insights
As James M. Wehmann reduces his stake in Fair Isaac Corp (NYSE:FICO), the company's financial metrics and market performance paint a compelling picture. FICO's stock has shown remarkable strength, with a 120.22% price total return over the past year and a substantial 102.35% year-to-date return. This impressive performance has brought the stock price to within 98.24% of its 52-week high, reflecting strong investor confidence.
FICO's financial health appears robust, with a market capitalization of $57.47 billion and a revenue of $1.72 billion in the last twelve months as of Q4 2024. The company boasts an impressive gross profit margin of 79.73%, underscoring its operational efficiency. This aligns with an InvestingPro Tip highlighting FICO's "impressive gross profit margins."
However, investors should note that FICO is trading at a high P/E ratio of 113.43, which may indicate that the stock is priced at a premium relative to its earnings. This is further emphasized by another InvestingPro Tip suggesting that FICO is "trading at a high earnings multiple."
For those interested in a deeper analysis, InvestingPro offers 18 additional tips for FICO, providing a more comprehensive view of the company's financial position and market outlook. These insights can be particularly valuable given the recent insider selling activity.
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