Fair Isaac (NYSE:FICO) Stock Gets Price Target Trim from Jefferies Financial Group

Fair Isaac (NYSE:FICO) had its target price decreased by Jefferies Financial Group from $1,675.00 to $925.00 in a research note issued to investors on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

Several other research firms have also recently issued reports on FICO. The Goldman Sachs Group set a $1,322.00 target price on shares of Fair Isaac in a research note on Tuesday, September 29th. BMO Capital Markets dropped their price target on shares of Fair Isaac from $1,150.00 to $897.00 and set an “outperform” rating on the stock in a research report on Monday, October 26th. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,549.00 to $1,070.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. UBS Group cut their price objective on shares of Fair Isaac from $1,100.00 to $942.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Finally, Royal Bank Of Canada decreased their price objective on shares of Fair Isaac from $1,525.00 to $1,045.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $967.12.

Fair Isaac Trading Down 3.0%

Shares of FICO stock opened at $702.52 on Monday. Fair Isaac has a twelve month low of $586.05 and a twelve month high of $1,858.91. The stock has a market cap of $15.17 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.88 and a beta of 1.36. The stock has a 50 day moving average of $845.21 and a 200 day moving average of $1,115.37.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, topping the consensus estimate of $10.69 by $0.41. The business had revenue of $657.05 million for the quarter, compared to analyst estimates of $651.73 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.74 EPS. On average, research analysts predict that Fair Isaac will post 36.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fair Isaac

Large investors have recently added to or reduced their stakes in the stock. AlphaCore Capital LLC lifted its holdings in shares of Fair Isaac by 101.0% during the 3rd quarter. AlphaCore Capital LLC now owns 388 shares of the technology company’s stock valued at $230,000 after buying an additional 195 shares during the last quarter. Fulcrum Asset Management LLP raised its holdings in Fair Isaac by 509.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 743 shares of the technology company’s stock worth $459,000 after acquiring an additional 621 shares during the period. Candriam S.C.A. lifted its position in shares of Fair Isaac by 287.4% during the 3rd quarter. Candriam S.C.A. now owns 8,898 shares of the technology company’s stock worth $5,291,000 after purchasing an additional 6,601 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Fair Isaac by 11.6% during the third quarter. Pictet Asset Management Holding SA now owns 14,370 shares of the technology company’s stock worth $8,514,000 after buying an additional 1,496 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Fair Isaac by 1.2% in the 3rd quarter. Alps Advisors Inc. now owns 1,193 shares of the technology company’s stock valued at $707,000 after purchasing an additional 14 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac News Roundup

Here are the key news stories impacting Fair Isaac this week:

• Positive Sentiment: Fiscal Q4 earnings were $11.10 per share, above consensus estimates, while revenue of $657.05 million also topped expectations and rose 27.4% year over year. Fair Isaac Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: Several lenders joined FICO’s Preferred Program, and a regional lender upgraded to Auto Score 10—signs of continued adoption of its scoring products. Lenders Join FICO Preferred Program
• Negative Sentiment: FICO declined to issue guidance as it moves mortgage-originations pricing from a flat fee to customer-specific pricing. The lack of an outlook and uncertainty about how the new structure will affect revenue likely tempered the positive earnings news. FICO Declines to Share Guidance Amid Price Structure Change
• Negative Sentiment: Jefferies sharply lowered its price target to $925 from $1,675, adding to concerns about the stock’s outlook. Other coverage has also highlighted pricing and competitive pressure. Jefferies Adjusts Price Target

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.