Honest Isaac CFO Steven P. Weber sells $273,054 in inventory

In a latest transaction disclosed by Honest Isaac Corp (NYSE:FICO), Steven P. Weber, the corporate’s Government Vice President and Chief Monetary Officer, bought shares of the corporate inventory totaling roughly $273,054. The sale occurred on January 9, 2025, at a worth of $1,964.42 per share. The transaction comes as FICO trades close to $1,950, having delivered a powerful 58% return over the previous 12 months. In response to InvestingPro evaluation, the inventory seems overvalued, at the moment buying and selling at a P/E ratio of 93.

Moreover, Weber acquired 421 shares of frequent inventory for gratis by the vesting of restricted inventory items. This transaction was additionally executed on January 9, 2025. Following these transactions, Weber holds 2,477.9613 shares immediately.

The shares bought had been withheld by the corporate to cowl taxes due on the vesting of earned restricted inventory items. As a part of the identical transaction, Weber exercised restricted inventory items, which do not need an related train worth.

In different latest information, Honest Isaac Company, also called FICO, has reported strong monetary outcomes for the fourth quarter of 2024, highlighting a income progress of 13.5% during the last twelve months and spectacular gross revenue margins of practically 80%. The corporate’s Scores enterprise, projected to account for 54% of its fiscal 12 months 2024 revenues, has seen important worth will increase, contributing to the acceleration of the corporate’s income progress. The Software program (ETR:SOWGn) section, anticipated to make up 46% of its fiscal 12 months 2024 revenues, has proven promising growth with the early success of the FICO Platform, a cloud-native answer for credit score decisioning and superior enterprise analytics.

Analysts from Raymond (NS:RYMD) James, JPMorgan, and Oppenheimer have lately adjusted their outlooks on FICO. Raymond James reduce the worth goal for FICO from $2,200.00 to $2,090.00, sustaining an Outperform ranking on the inventory, whereas JPMorgan initiated protection on FICO with a Impartial ranking and a worth goal set at $2,150. Oppenheimer up to date its outlook, growing the worth goal to $2,515 from the earlier $2,324, sustaining an Outperform ranking on the inventory. The changes mirror the analysts’ confidence in FICO’s future efficiency and long-term pricing energy.

These are the latest developments for Honest Isaac Company, indicating the corporate’s cautious but proactive strategy in navigating the worldwide analytics software program market.

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