Fair Isaac CEO William Lansing sells over $9 million in company stock

William J. Lansing, the President and CEO of Fair Isaac Corp (NYSE:FICO), has recently sold a significant amount of company stock, transactions that were filed with the Securities and Exchange Commission. The series of sales, all executed on April 16, 2024, resulted in a total divestment of $9,124,370 worth of shares. The prices per share for these transactions ranged from $1,132.24 to $1,151.41.

The sales were carried out in multiple trades, and the reported prices represent the weighted average sale price for each set of transactions. The SEC filings include footnotes that detail the range of prices at which the stocks were sold, indicating that multiple trades were conducted at varying prices within the stated ranges.

Lansing's transactions come as part of his ownership activities in the business services company, which is known for providing analytics software and tools for personal and commercial financial decision-making. Following the sales, Lansing continues to have a substantial holding in the company, with 13,238 shares of common stock remaining in his direct ownership. Additionally, he has an indirect ownership through the Lansing Revocable Trust, which holds 339,744 shares.

Investors and analysts often monitor insider transactions such as these for insights into executives' perspectives on their company's current valuation and future prospects. While such sales are a routine part of executive compensation and asset management, they can sometimes signal an executive's view on the stock's performance or potential.

Fair Isaac Corp has not released any official statements regarding the transactions, and as per standard practice, the SEC filing includes an undertaking by Lansing to provide full information on the number of shares and the prices at which the transactions were effected upon request by the SEC staff, the issuer, or a security holder of the issuer.

Investors interested in the specifics of these transactions can refer to the SEC Form 4 filing for complete details.

In light of the recent insider transactions at Fair Isaac Corp (NYSE:FICO), where President and CEO William J. Lansing sold a significant amount of company stock, it is worth considering the company's financial health and market performance to better understand the context of these sales. InvestingPro provides real-time data and expert analytics that can offer additional insights into FICO's current standing in the market.

According to InvestingPro data, Fair Isaac Corp boasts a robust Gross Profit Margin of 79.5% for the last twelve months as of Q1 2024, indicating the company's effectiveness in managing its cost of goods sold and maintaining profitability. The company's Market Cap stands at a substantial $28.87 billion USD, reflecting its significant presence in the industry. Furthermore, with a Price to Earnings (P/E) Ratio of 63.61, FICO is trading at a high earnings multiple, suggesting that investors are willing to pay a premium for its shares based on current earnings.

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Among the various InvestingPro Tips, two particularly relevant ones for shareholders and potential investors are the company's "Impressive gross profit margins" and "High return over the last year." The former underscores the company's financial efficiency, while the latter indicates a strong market performance, with a 66.66% 1 Year Price Total Return as of the latest data.

For those seeking a deeper dive into Fair Isaac Corp's financials and market predictions, InvestingPro offers additional tips and analytics. There are 14 more https://www.investing.com/pro/FICO . Utilizing these insights can help investors make more informed decisions, and for a limited time, you can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.

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