Fair Isaac Co. (NYSE:FICO) Receives $901.63 Consensus PT from Brokerages

Fair Isaac Co. (NYSE:FICO) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $901.63.

Several equities research analysts have weighed in on FICO shares. Barclays lifted their price target on shares of Fair Isaac from $920.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Jefferies Financial Group increased their price target on shares of Fair Isaac from $875.00 to $940.00 in a report on Monday, July 10th. Needham & Company LLC raised their target price on shares of Fair Isaac from $900.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Royal Bank of Canada lifted their price target on shares of Fair Isaac from $685.00 to $875.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird lifted their price target on shares of Fair Isaac from $725.00 to $775.00 in a report on Monday, May 22nd.

Fair Isaac Stock Up 1.3 %

FICO stock opened at $903.11 on Tuesday. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 3.21 and a beta of 1.22. Fair Isaac has a 12-month low of $389.83 and a 12-month high of $916.41. The company’s fifty day simple moving average is $860.08 and its 200 day simple moving average is $781.60.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, August 2nd. The technology company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.35. The business had revenue of $398.69 million for the quarter, compared to analyst estimates of $379.63 million. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. Research analysts expect that Fair Isaac will post 16.29 earnings per share for the current year.

Insider Activity

In other news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $858.51, for a total value of $202,608.36. Following the completion of the transaction, the chief accounting officer now owns 4,962 shares in the company, valued at $4,259,926.62. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Fair Isaac news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $858.51, for a total value of $202,608.36. Following the sale, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James M. Wehmann sold 2,836 shares of Fair Isaac stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $904.38, for a total value of $2,564,821.68. Following the completion of the transaction, the executive vice president now directly owns 44,572 shares in the company, valued at $40,310,025.36. The disclosure for this sale can be found here. Insiders sold a total of 5,636 shares of company stock worth $4,952,932 over the last 90 days. 3.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Portside Wealth Group LLC acquired a new position in Fair Isaac during the 2nd quarter valued at approximately $2,374,000. Chapin Davis Inc. purchased a new stake in shares of Fair Isaac during the second quarter valued at $2,726,000. Alberta Investment Management Corp lifted its holdings in shares of Fair Isaac by 684.2% during the second quarter. Alberta Investment Management Corp now owns 3,921 shares of the technology company’s stock valued at $3,173,000 after purchasing an additional 3,421 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Fair Isaac in the 2nd quarter worth about $34,068,000. Finally, Comerica Bank acquired a new position in Fair Isaac in the 2nd quarter worth about $103,340,000. Institutional investors and hedge funds own 85.17% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.