Fair Isaac Corporation (NYSE:FICO – Get Free Report) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $917.44.
A number of equities analysts have weighed in on FICO shares. Huber Research lowered shares of Fair Isaac to a “strong sell” rating in a report on Tuesday, September 29th. Raymond James Financial cut their price objective on shares of Fair Isaac from $1,750.00 to $1,230.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Jefferies Financial Group reduced their target price on Fair Isaac from $1,675.00 to $925.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. BMO Capital Markets cut their price objective on Fair Isaac from $1,150.00 to $897.00 and set an “outperform” rating on the stock in a research note on Monday, October 26th. Finally, Susquehanna set a $700.00 price target on shares of Fair Isaac in a research report on Wednesday, September 30th.
View Our Latest Stock Analysis on Fair Isaac
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Fair Isaac in the second quarter valued at $2,491,517,000. Primecap Management Co. CA bought a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $433,508,000. Van ECK Associates Corp increased its stake in shares of Fair Isaac by 95.0% during the 2nd quarter. Van ECK Associates Corp now owns 223,798 shares of the technology company’s stock worth $267,389,000 after purchasing an additional 109,027 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Fair Isaac by 9.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 175,917 shares of the technology company’s stock worth $187,798,000 after buying an additional 14,792 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Fair Isaac in the 2nd quarter valued at approximately $173,157,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Fair Isaac Price Performance
NYSE FICO opened at $721.81 on Thursday. The company has a market capitalization of $15.59 billion, a P/E ratio of 19.87, a PEG ratio of 0.85 and a beta of 1.36. Fair Isaac has a 1-year low of $586.05 and a 1-year high of $1,858.91. The business has a 50 day moving average price of $818.96 and a 200 day moving average price of $1,103.03.
Fair Isaac (NYSE:FICO – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a net margin of 32.94% and a negative return on equity of 31.37%. The business had revenue of $657.05 million during the quarter, compared to analysts’ expectations of $651.73 million. During the same period last year, the company posted $7.74 EPS. The company’s revenue was up 27.4% on a year-over-year basis. On average, research analysts expect that Fair Isaac will post 40.03 earnings per share for the current fiscal year.
About Fair Isaac
Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company.
FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.
FICO serves organizations in the United States and internationally, including businesses in financial services, insurance, telecommunications, and other industries.
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