Fair Isaac (NYSE:FICO) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Fair Isaac (NYSE:FICO) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $1,113.00 price objective on the technology company’s stock.

A number of other brokerages also recently commented on FICO. Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a buy rating in a report on Friday, January 26th. Barclays boosted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Royal Bank of Canada restated a sector perform rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Raymond James boosted their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the company an outperform rating in a report on Friday, January 26th. Finally, Jefferies Financial Group boosted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $1,180.45.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,152.27 on Tuesday. The company has a market cap of $28.63 billion, a PE ratio of 64.41, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21. Fair Isaac has a 12 month low of $686.08 and a 12 month high of $1,349.75. The company has a 50-day simple moving average of $1,259.59 and a 200-day simple moving average of $1,136.53.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, analysts anticipate that Fair Isaac will post 19.95 EPS 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 Fair Isaac stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The sale was disclosed in a filing with the SEC, which is available at this link. 3.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in Fair Isaac by 28.1% in the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after acquiring an additional 9 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Fair Isaac by 0.8% in the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 10 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Fair Isaac by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after acquiring an additional 10 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in Fair Isaac by 0.3% in the third quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock valued at $2,963,000 after acquiring an additional 11 shares in the last quarter. Finally, KB Financial Partners LLC raised its holdings in Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after acquiring an additional 11 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

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.