Fair Isaac (NYSE:FICO) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Fair Isaac (NYSE:FICO) in a research report report published on Monday morning, Marketbeat.com reports. BMO Capital Markets currently has a $1,800.00 price objective on the technology company’s stock, up from their prior price objective of $1,650.00.

A number of other equities research analysts have also weighed in on FICO. Raymond James Financial lowered their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Griffin Securities set a $2,000.00 price objective on Fair Isaac in a report on Wednesday, July 9th. Barclays lowered their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. Finally, Oppenheimer lowered their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong 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 $2,134.57.

Fair Isaac Stock Up 0.7%

Shares of FICO stock opened at $1,352.66 on Monday. The stock has a market capitalization of $32.47 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. Fair Isaac has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The stock’s 50-day moving average price is $1,606.94 and its 200 day moving average price is $1,769.68.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.25 EPS. Analysts expect that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the sale, the chief executive officer owned 44,338 shares of the company’s stock, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of the company’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 position. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock worth $22,247,892 in the last three months. Corporate insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP purchased a new stake in Fair Isaac in the 2nd quarter valued at approximately $34,735,000. KP Management LLC raised its holdings in Fair Isaac by 46.2% in the 2nd quarter. KP Management LLC now owns 1,900 shares of the technology company’s stock valued at $3,473,000 after acquiring an additional 600 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $121,000. Headlands Technologies LLC acquired a new position in Fair Isaac in the 2nd quarter valued at $1,077,000. Finally, MUFG Securities EMEA plc acquired a new position in Fair Isaac in the 2nd quarter valued at $132,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.