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

Fair Isaac Co. (NYSE:FICO) shares gapped down prior to trading 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 traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FICO. Barclays upped their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Raymond James upped their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Monday, April 22nd. Finally, Jefferies Financial Group upped 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. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,182.09.

Fair Isaac Price Performance

The stock has a market cap of $27.60 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The business has a 50 day moving average price of $1,237.78 and a two-hundred day moving average price of $1,151.01.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. The firm had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a negative return on equity of 62.94% and a net margin of 29.99%. On average, sell-side analysts forecast that Fair Isaac Co. will post 19.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of Fair Isaac by 28.1% during 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 shares of Fair Isaac by 0.8% during 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 shares of Fair Isaac by 3.2% during 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 shares of Fair Isaac by 0.3% during 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 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 valued at $46,000 after acquiring an additional 11 shares in the last quarter. Institutional investors 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.