BidaskClub upgraded shares of Fair Isaac Corporation (NYSE:FICO) from a hold rating to a buy rating in a report issued on Tuesday, November 7th.
FICO has been the subject of several other research reports. Barclays PLC lifted their price target on Fair Isaac Corporation from $135.00 to $140.00 and gave the company an equal weight rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Fair Isaac Corporation from a hold rating to a buy rating and set a $164.00 price target for the company in a report on Monday, October 16th. Finally, Wells Fargo & Company lifted their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a positive rating in a report on Tuesday, August 1st.
Shares of Fair Isaac Corporation (FICO) traded down $0.19 during mid-day trading on Tuesday, reaching $152.70. 93,600 shares of the company traded hands, compared to its average volume of 157,322. Fair Isaac Corporation has a 12-month low of $112.00 and a 12-month high of $155.24. The firm has a market cap of $4,579.51, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 4.14 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.
Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.48. Fair Isaac Corporation had a net margin of 13.76% and a return on equity of 30.03%. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $249.11 million. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts predict that Fair Isaac Corporation will post 3.68 EPS for the current year.
In related news, Director Joanna Rees purchased 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $152.00 per share, for a total transaction of $456,000.00. Following the acquisition, the director now directly owns 4,989 shares in the company, valued at $758,328. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Rey sold 7,340 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the transaction, the director now owns 15,714 shares of the company’s stock, valued at approximately $2,203,888.50. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Fair Isaac Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,596,086 shares of the technology company’s stock worth $361,920,000 after acquiring an additional 60,042 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in Fair Isaac Corporation by 4.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock worth $361,000,000 after acquiring an additional 117,514 shares during the period. State Street Corp boosted its holdings in Fair Isaac Corporation by 3.7% in the 2nd quarter. State Street Corp now owns 1,030,356 shares of the technology company’s stock worth $143,644,000 after acquiring an additional 37,156 shares during the period. Koch Industries Inc. boosted its holdings in Fair Isaac Corporation by 23,947.1% in the 2nd quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock worth $867,000 after acquiring an additional 869,998 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Fair Isaac Corporation by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 494,606 shares of the technology company’s stock valued at $68,952,000 after purchasing an additional 58,786 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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