Fair Isaac (NYSE:FICO) Sets New 52-Week High at $893.29

Fair Isaac Co. (NYSE:FICO) reached a new 52-week high on Wednesday . The company traded as high as $893.29 and last traded at $893.07, with a volume of 4873 shares. The stock had previously closed at $888.34.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FICO. StockNews.com assumed coverage on Fair Isaac in a report on Thursday, August 17th. They set a “hold” rating on the stock. Royal Bank of Canada upped their price target on Fair Isaac from $685.00 to $875.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Jefferies Financial Group lifted their price objective on Fair Isaac from $875.00 to $940.00 in a research note on Monday, July 10th. Barclays increased their target price on shares of Fair Isaac from $920.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird boosted their price target on shares of Fair Isaac from $725.00 to $775.00 in a research report on Monday, May 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $886.57.

Fair Isaac Price Performance

The stock has a market capitalization of $22.52 billion, a P/E ratio of 54.92, a PEG ratio of 3.07 and a beta of 1.24. The stock has a 50 day moving average price of $831.36 and a 200-day moving average price of $760.97.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.28 by $0.35. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. The company had revenue of $398.69 million during the quarter, compared to analyst estimates of $379.63 million. Research analysts predict that Fair Isaac Co. will post 16.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, Director Eva Manolis sold 2,564 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $852.38, for a total value of $2,185,502.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fair Isaac news, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $858.51, for a total value of $202,608.36. Following the completion of the sale, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eva Manolis sold 2,564 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $852.38, for a total value of $2,185,502.32. The disclosure for this sale can be found here. 3.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FICO. Chapin Davis Inc. acquired a new position in Fair Isaac during the second quarter worth $2,726,000. Alberta Investment Management Corp lifted its holdings in shares of Fair Isaac by 684.2% in the 2nd quarter. Alberta Investment Management Corp now owns 3,921 shares of the technology company’s stock worth $3,173,000 after purchasing an additional 3,421 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in Fair Isaac during the 2nd quarter valued at $34,068,000. Comerica Bank acquired a new position in shares of Fair Isaac in the 2nd quarter worth $103,340,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Fair Isaac during the second quarter valued at $1,905,000. Institutional investors and hedge funds own 85.17% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.