Fair Isaac Corporation (NYSE:FICO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Fair Isaac Corporation (NYSE:FICO) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $2,134.5714.

A number of equities analysts have commented on FICO shares. BMO Capital Markets boosted their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 28th. Needham & Company LLC decreased their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Robert W. Baird raised shares of Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th.

Fair Isaac Stock Up 1.0%

Shares of NYSE:FICO opened at $1,534.60 on Friday. The firm has a 50 day moving average of $1,506.98 and a 200 day moving average of $1,735.56. The company has a market capitalization of $36.83 billion, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.35. Fair Isaac has a 52 week low of $1,300.00 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts expect that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a share repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the business’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 transaction of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares of the company’s stock, valued at approximately $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $63,284,533.92. The trade was a 12.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,031 shares of company stock worth $31,273,950 in the last 90 days. 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 modified their holdings of the company. CWA Asset Management Group LLC raised its position in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company’s stock worth $267,000 after buying an additional 19 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company’s stock worth $728,000 after acquiring an additional 17 shares during the period. Brighton Jones LLC increased its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the period. GAMMA Investing LLC lifted its position in Fair Isaac by 55.6% during the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company’s stock valued at $258,000 after purchasing an additional 50 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Fair Isaac by 692.2% in the fourth quarter. Tidal Investments LLC now owns 14,133 shares of the technology company’s stock valued at $28,138,000 after purchasing an additional 12,349 shares during the last quarter. Institutional investors and hedge funds 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.