Fair Isaac (NYSE:FICO) Now Covered by Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of Fair Isaac (NYSE:FICO) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $1,113.00 price objective on the technology company’s stock.

Several other analysts have also recently commented on FICO. Barclays raised their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Needham & Company LLC lifted their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a buy rating in a report on Friday, January 26th. Raymond James lifted their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an outperform rating in a report on Friday, January 26th. Jefferies Financial Group lifted their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Fair Isaac has a consensus rating of Moderate Buy and a consensus price target of $1,180.45.

Fair Isaac Price Performance

FICO opened at $1,162.25 on Tuesday. The business has a 50 day simple moving average of $1,253.88 and a 200-day simple moving average of $1,136.83. The stock has a market capitalization of $28.88 billion, a P/E ratio of 64.97, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac has a 12 month low of $686.08 and a 12 month high of $1,349.75.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. Research analysts anticipate that Fair Isaac will post 19.95 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the sale, the chief executive officer now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 24,000 shares of company stock valued at $29,011,120. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in shares of Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Fair Isaac by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after purchasing an additional 10 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in shares of Fair Isaac by 0.3% during the third quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock worth $2,963,000 after purchasing an additional 11 shares in the last quarter. Finally, KB Financial Partners LLC lifted its stake in shares of Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Company Profile

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.