Fair Isaac (NYSE:FICO) Hits New 52-Week High on Strong Earnings

Fair Isaac Co. (NYSE:FICO)’s share price reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $2,016.78 and last traded at $1,990.43, with a volume of 270007 shares changing hands. The stock had previously closed at $1,961.50.

The technology company reported $7.81 earnings per share for the quarter, beating the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. During the same period in the previous year, the firm posted $6.14 EPS. The business’s revenue was up 15.0% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Raymond James boosted their target price on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday. Finally, Oppenheimer cut their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,277.46.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $74,210,495.94. The trade was a 6.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FICO. Rakuten Securities Inc. grew its holdings in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac in the fourth quarter worth $40,000. Avalon Trust Co bought a new position in Fair Isaac during the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.5 %

The company has a 50 day simple moving average of $1,846.66 and a two-hundred day simple moving average of $1,978.39. The company has a market capitalization of $48.60 billion, a P/E ratio of 91.35, a PEG ratio of 3.27 and a beta of 1.37.

Fair Isaac Company Profile

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.