According to Zacks, “Fair Isaac Corporation makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. “
FICO has been the subject of several other reports. William Blair reiterated a buy rating on shares of Fair Isaac in a report on Monday, March 16th. Stephens upgraded shares of Fair Isaac from an equal weight rating to an overweight rating and decreased their price objective for the company from $421.00 to $319.00 in a report on Thursday, March 26th. Robert W. Baird increased their price objective on shares of Fair Isaac from $334.00 to $400.00 and gave the company an outperform rating in a report on Thursday, April 30th. Barclays increased their price objective on shares of Fair Isaac from $340.00 to $475.00 in a report on Wednesday, June 10th. Finally, ValuEngine upgraded shares of Fair Isaac from a sell rating to a hold rating in a report on Tuesday, March 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $396.00.
NYSE FICO opened at $418.77 on Tuesday. Fair Isaac has a 52 week low of $177.65 and a 52 week high of $436.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.81. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 55.15 and a beta of 1.20. The company has a 50-day moving average price of $401.59 and a two-hundred day moving average price of $367.60.
Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.76 by $0.38. The firm had revenue of $307.97 million during the quarter, compared to analysts’ expectations of $298.27 million. Fair Isaac had a net margin of 18.92% and a return on equity of 89.98%. Fair Isaac’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 EPS. As a group, equities research analysts expect that Fair Isaac will post 4.93 earnings per share for the current fiscal year.
In related news, Director David A. Rey sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $421.43, for a total value of $4,214,300.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at approximately $4,214,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director A George Battle sold 5,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $365.46, for a total transaction of $2,055,712.50. Following the completion of the sale, the director now owns 5,625 shares of the company’s stock, valued at approximately $2,055,712.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,709 shares of company stock valued at $10,623,075. Company insiders own 3.81% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Bamco Inc. NY acquired a new position in Fair Isaac in the 4th quarter valued at approximately $33,000. Archer Investment Corp acquired a new position in Fair Isaac in the 4th quarter valued at approximately $33,000. Ellevest Inc. increased its stake in Fair Isaac by 44.2% in the 1st quarter. Ellevest Inc. now owns 124 shares of the technology company’s stock valued at $38,000 after buying an additional 38 shares during the period. Asset Management One Co. Ltd. acquired a new position in Fair Isaac in the 1st quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC acquired a new position in Fair Isaac in the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 85.80% of the company’s stock.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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