Fair Isaac Corporation (NYSE:FICO) Stock Has Consensus Target Price of $967.12

Fair Isaac Corporation (NYSE:FICO) has received a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $917.44.

FICO has been the subject of several research analyst reports. Bank of America lowered Fair Isaac from a “buy” rating to a “neutral” rating and decreased their target price for the company from $1,400.00 to $700.00 in a research report on Wednesday, September 30th. Robert W. Baird cut their price target on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Weiss Ratings lowered shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Raymond James Financial decreased their price objective on shares of Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Finally, Needham & Company LLC decreased their price objective on shares of Fair Isaac from $1,100.00 to $925.00 and set a “buy” rating for the company in a report on Thursday, November 5th.

Institutional Investors Weigh In On Fair Isaac

Several large investors have recently modified their holdings of FICO. XXEC Inc. bought a new position in Fair Isaac during the second quarter valued at $33,189,000. BlackRock Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter valued at $2,491,517,000. Primecap Management Co. CA purchased a new position in shares of Fair Isaac during the 2nd quarter valued at $433,508,000. Legal & General Group Plc bought a new position in shares of Fair Isaac during the 2nd quarter worth $173,157,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Fair Isaac during the 2nd quarter worth $152,357,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock opened at $727.92 on Thursday. The firm has a 50-day moving average of $803.10 and a 200-day moving average of $1,094.83. The company has a market cap of $15.56 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.08 and a beta of 1.36. Fair Isaac has a one year low of $586.05 and a one year high of $1,858.91.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a negative return on equity of 28.19% and a net margin of 32.94%. The business had revenue of $657.05 million for the quarter, compared to analyst estimates of $651.73 million. During the same period last year, the company posted $7.74 earnings per share. Fair Isaac’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, research analysts expect that Fair Isaac will post 39.61 earnings per share for the current fiscal year.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.