Fair Isaac Corporation (NYSE:FICO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Fair Isaac Corporation (NYSE:FICO) have been given a consensus recommendation of “Buy” by the fourteen research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2,218.64.

A number of equities research analysts have commented on FICO shares. Baird R W upgraded Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Needham & Company LLC set a $1,950.00 price target on Fair Isaac and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird upgraded Fair Isaac from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a research note on Thursday. Finally, Barclays decreased their price target on Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Wednesday, July 9th.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president directly owned 9,974 shares of the company’s stock, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer directly owned 1,862 shares in the company, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,906 shares of company stock valued at $45,222,913 in the last ninety days. Insiders own 3.46% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors have recently made changes to their positions in the company. Pinnacle Holdings LLC acquired a new position in Fair Isaac during the fourth quarter worth $26,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in Fair Isaac in the first quarter valued at $28,000. ORG Partners LLC purchased a new stake in Fair Isaac in the second quarter valued at $27,000. N.E.W. Advisory Services LLC purchased a new stake in Fair Isaac in the first quarter valued at $30,000. Finally, Meeder Asset Management Inc. raised its position in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after purchasing an additional 5 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

NYSE:FICO opened at $1,527.43 on Friday. The stock’s fifty day moving average is $1,800.25 and its 200 day moving average is $1,847.07. Fair Isaac has a fifty-two week low of $1,477.12 and a fifty-two week high of $2,402.52. The firm has a market capitalization of $37.18 billion, a PE ratio of 65.78, a PEG ratio of 2.47 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts’ consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm posted $6.14 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.