Fair Isaac (NYSE:FICO) Shares Gap Down to $1,193.66

Fair Isaac Co. (NYSE:FICO) shares gapped down before the market opened on Friday . The stock had previously closed at $1,193.66, but opened at $1,136.83. Fair Isaac shares last traded at $1,143.31, with a volume of 67,656 shares changing hands.

Wall Street Analyst Weigh In

FICO has been the subject of several analyst reports. Raymond James increased their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday. Redburn Atlantic began coverage on Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Jefferies Financial Group raised their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Monday. Finally, Barclays lifted their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,182.09.

Fair Isaac Trading Down 6.9 %

The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 62.09, a PEG ratio of 2.64 and a beta of 1.21. The company has a fifty day moving average price of $1,241.19 and a two-hundred day moving average price of $1,147.65.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. As a group, equities research analysts expect that Fair Isaac Co. will post 19.93 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the completion of the transaction, the chief executive officer now owns 28,638 shares in the company, valued at $36,081,302.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 24,000 shares of company stock valued at $29,011,120 over the last quarter. 3.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Institutional investors and hedge funds have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Fair Isaac during the fourth quarter worth about $35,000. DSM Capital Partners LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth about $37,000. Headlands Technologies LLC acquired a new stake in shares of Fair Isaac during the third quarter worth about $42,000. Assetmark Inc. acquired a new stake in shares of Fair Isaac during the third quarter worth about $44,000. Finally, KB Financial Partners LLC boosted its stake in shares of Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

About Fair Isaac

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.