Fair Isaac Corporation (FICO) Upgraded to “Buy” by BidaskClub

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.

Several other brokerages have also weighed in on FICO. Zacks Investment Research upgraded Fair Isaac from a hold rating to a buy rating and set a $164.00 price objective for the company in a report on Monday, October 16th. Barclays PLC upped their price objective on Fair Isaac from $135.00 to $140.00 and gave the company an equal weight rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Company upped their price objective on Fair Isaac from $150.00 to $160.00 and gave the company a positive rating in a report on Tuesday, August 1st.

Shares of Fair Isaac (NYSE FICO) traded up $1.43 during mid-day trading on Tuesday, reaching $155.43. The company’s stock had a trading volume of 43,859 shares, compared to its average volume of 141,499. 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 has a one year low of $112.00 and a one year high of $155.97. The firm has a market cap of $4,661.35, a price-to-earnings ratio of 39.15, a PEG ratio of 4.22 and a beta of 1.26.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.48. The company had revenue of $253.21 million during the quarter, compared to analyst estimates of $249.11 million. Fair Isaac had a return on equity of 30.03% and a net margin of 13.76%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. analysts predict that Fair Isaac will post 3.68 EPS for the current year.

In related news, Director A George Battle sold 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $150.46, for a total transaction of $752,300.00. Following the transaction, the director now directly owns 21,259 shares of the company’s stock, valued at $3,198,629.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanna Rees purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $152.00 per share, for a total transaction of $456,000.00. Following the completion of the transaction, the director now directly owns 4,989 shares of the company’s stock, valued at approximately $758,328. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in Fair Isaac by 38.1% in the third quarter. Public Employees Retirement System of Ohio now owns 49,421 shares of the technology company’s stock valued at $6,944,000 after purchasing an additional 13,641 shares in the last quarter. California Public Employees Retirement System grew its stake in Fair Isaac by 4.0% in the third quarter. California Public Employees Retirement System now owns 101,719 shares of the technology company’s stock valued at $14,292,000 after purchasing an additional 3,919 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Fair Isaac in the third quarter valued at about $2,075,000. Jane Street Group LLC bought a new stake in shares of Fair Isaac during the 3rd quarter worth about $711,000. Finally, Banbury Partners LLC boosted its stake in shares of Fair Isaac by 14.9% during the 3rd quarter. Banbury Partners LLC now owns 247,895 shares of the technology company’s stock worth $34,829,000 after acquiring an additional 32,198 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

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Fair Isaac Company Profile

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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