Fair Isaac Co. (NYSE:FICO) Given Average Recommendation of “Buy” by Analysts

Fair Isaac Co. (NYSE:FICO – Get Rating) has earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $572.17.

A number of research firms recently weighed in on FICO. Zacks Investment Research lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Monday, February 21st. Needham & Company LLC upped their target price on shares of Fair Isaac from $590.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. StockNews.com assumed coverage on shares of Fair Isaac in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Robert W. Baird increased their price target on shares of Fair Isaac from $488.00 to $535.00 in a research note on Tuesday, January 4th. Finally, Jefferies Financial Group increased their price target on shares of Fair Isaac from $529.00 to $588.00 and gave the company a “buy” rating in a research note on Friday, March 4th.

Shares of NYSE:FICO opened at $382.60 on Friday. The firm has a market capitalization of $10.05 billion, a PE ratio of 28.13 and a beta of 1.18. The firm’s 50-day moving average is $459.98 and its two-hundred day moving average is $433.00. Fair Isaac has a 1 year low of $342.89 and a 1 year high of $553.97.

Fair Isaac (NYSE:FICO – Get Rating) last released its earnings results on Thursday, January 27th. The technology company reported $2.85 earnings per share for the quarter. Fair Isaac had a net margin of 29.44% and a negative return on equity of 403.65%. The firm had revenue of $322.36 million for the quarter, compared to analyst estimates of $327.89 million. During the same period in the prior year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Fair Isaac will post 12.7 earnings per share for the current fiscal year.

In related news, Director Braden R. Kelly sold 13,515 shares of the stock in a transaction on Friday, February 11th. The stock was sold at an average price of $518.34, for a total transaction of $7,005,365.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 253 shares of the stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $468.52, for a total value of $118,535.56. The disclosure for this sale can be found here. Insiders sold 25,148 shares of company stock valued at $12,804,921 over the last three months. Corporate insiders own 3.05% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its position in Fair Isaac by 31.3% in the third quarter. Mackenzie Financial Corp now owns 5,205 shares of the technology company’s stock worth $2,071,000 after acquiring an additional 1,242 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Fair Isaac by 2,272.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 38,593 shares of the technology company’s stock worth $15,357,000 after buying an additional 36,966 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Fair Isaac by 182.4% during the 3rd quarter. Janus Henderson Group PLC now owns 12,472 shares of the technology company’s stock worth $4,963,000 after buying an additional 8,056 shares during the last quarter. Twinbeech Capital LP raised its stake in shares of Fair Isaac by 351.8% during the 3rd quarter. Twinbeech Capital LP now owns 15,769 shares of the technology company’s stock worth $6,275,000 after buying an additional 12,279 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Fair Isaac by 51.9% during the 4th quarter. Bessemer Group Inc. now owns 2,890 shares of the technology company’s stock worth $1,254,000 after buying an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 86.47% of the company’s stock.

About Fair Isaac (Get Rating)

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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