Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a research note issued to investors on Tuesday, AnalystRatings.com reports. They presently have a $515.00 price objective on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 19.42% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on FICO. Robert W. Baird raised their price target on Fair Isaac from $460.00 to $486.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Zacks Investment Research raised Fair Isaac from a “hold” rating to a “buy” rating and set a $505.00 price target for the company in a research note on Thursday, September 3rd. Wells Fargo & Company raised their price target on Fair Isaac from $475.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group increased their price objective on Fair Isaac from $393.00 to $415.00 and gave the company a “hold” rating in a report on Friday, September 11th. They noted that the move was a valuation call. Finally, Barclays increased their price objective on Fair Isaac from $340.00 to $475.00 in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $466.43.
Shares of Fair Isaac stock opened at $431.25 on Tuesday. The stock has a 50-day moving average price of $428.61 and a 200 day moving average price of $377.48. The company has a market cap of $12.51 billion, a P/E ratio of 55.93 and a beta of 1.10. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.99. Fair Isaac has a 1 year low of $177.65 and a 1 year high of $452.74.
Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.42. The firm had revenue of $313.73 million during the quarter, compared to the consensus estimate of $301.30 million. Fair Isaac had a return on equity of 91.50% and a net margin of 18.92%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $2.50 EPS. On average, equities analysts forecast that Fair Isaac will post 5.54 earnings per share for the current fiscal year.
In other news, CEO William J. Lansing sold 28,462 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $428.56, for a total transaction of $12,197,674.72. Following the sale, the chief executive officer now owns 190,016 shares of the company’s stock, valued at approximately $81,433,256.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James M. Wehmann sold 10,000 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $425.49, for a total value of $4,254,900.00. Following the sale, the executive vice president now directly owns 92,659 shares in the company, valued at approximately $39,425,477.91. The disclosure for this sale can be found here. Insiders sold a total of 76,294 shares of company stock worth $32,886,893 in the last ninety days. Insiders own 3.81% of the company’s stock.
Several large investors have recently made changes to their positions in FICO. Melvin Capital Management LP lifted its position in shares of Fair Isaac by 67.8% during the 1st quarter. Melvin Capital Management LP now owns 965,000 shares of the technology company’s stock worth $296,921,000 after buying an additional 390,000 shares during the period. State Street Corp lifted its position in shares of Fair Isaac by 2.5% during the 1st quarter. State Street Corp now owns 695,803 shares of the technology company’s stock worth $214,092,000 after buying an additional 17,222 shares during the period. WCM Investment Management LLC lifted its position in shares of Fair Isaac by 89.9% during the 2nd quarter. WCM Investment Management LLC now owns 405,921 shares of the technology company’s stock worth $169,691,000 after buying an additional 192,142 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Fair Isaac by 28.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 403,371 shares of the technology company’s stock worth $168,626,000 after buying an additional 88,221 shares during the period. Finally, AF Advisors Inc. bought a new position in Fair Isaac in the 2nd quarter valued at $159,563,000. 86.44% of the stock is currently owned by institutional investors.
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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