Fair Isaac Co. (NYSE:FICO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Fair Isaac Co. (NYSE:FICO) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $2,268.54.

FICO has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Robert W. Baird increased their price objective on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, April 30th. Finally, Oppenheimer boosted their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $2,089.01 on Friday. The stock’s 50 day moving average price is $1,879.31 and its 200 day moving average price is $1,980.24. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac has a 12 month low of $1,266.72 and a 12 month high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the previous year, the business earned $6.14 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Fair Isaac will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $76,026,643.74. The trade was a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,135 shares of company stock valued at $31,505,623 in the last quarter. Company insiders own 3.46% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its holdings in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac in the fourth quarter worth $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fair Isaac during the 1st quarter worth $30,000. Meeder Asset Management Inc. grew its stake in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after buying an additional 5 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in Fair Isaac during the 4th quarter worth $40,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.