Fair Isaac (NYSE:FICO) Sets New 52-Week High at $1,527.68

Fair Isaac Co. (NYSE:FICO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,527.68 and last traded at $1,527.10, with a volume of 83868 shares changing hands. The stock had previously closed at $1,496.51.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price for the company. Raymond James upped their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $1,274.33.

Fair Isaac Stock Performance

The company has a market cap of $37.79 billion, a PE ratio of 78.64, a PEG ratio of 4.01 and a beta of 1.34. The firm’s 50 day moving average is $1,332.37 and its 200-day moving average is $1,265.59.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $0.20. The company had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. On average, analysts predict that Fair Isaac Co. will post 19.75 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other news, Director Joanna Rees sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total value of $700,000.00. Following the transaction, the director now directly owns 20,118 shares in the company, valued at approximately $28,165,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Joanna Rees sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total value of $700,000.00. Following the transaction, the director now directly owns 20,118 shares in the company, valued at approximately $28,165,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the transaction, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The disclosure for this sale can be found here. Insiders have sold 24,014 shares of company stock worth $31,012,918 in the last ninety days. 3.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares during the last quarter. American Century Companies Inc. increased its position in shares of Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after purchasing an additional 104,161 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Fair Isaac by 30.2% in the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.