Fair Isaac Corproation (FICO) had a rough trading day for Friday September 27 as shares tumbled 5.86%, or a loss of $-18.61 per share, to close at $298.98. After opening the day at $318.64, shares of Fair Isaac Corproation traded as high as $318.64 and as low as $296.24. Volume was 331,131 shares over 7,704 trades, against an average daily volume of n/a shares and a total float of 28.9 million.
As a result of the decline, Fair Isaac Corproation now has a market cap of $8.64 billion. In the last year, shares of Fair Isaac Corproation have traded between a range of $373.24 and $170.26, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Fair Isaac Corp is a provider of business performance management solutions that allow corporations to automate and improve key decisions. The firm operates in three segments: applications, which includes preconfigured software for marketing, account origination, collections, and so on; scores, which primarily consists of business-to-business scoring solutions, including the FICO score; and tools, composed of analytic and decision management software. The company derives revenues from software license agreements and transaction-based fees. A majority of the firm’s revenue is generated in the United States, and the rest from the United Kingdom and other countries.
Fair Isaac Corproation is based out of San Jose, CA and has some 3,967 employees. Its CEO is William J. Lansing.
Fair Isaac Corproation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.