Fair Isaac (NYSE:FICO) Stock Rating Upgraded by Seaport Res Ptn

Fair Isaac (NYSE:FICO) was upgraded by equities researchers at Seaport Res Ptn to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on FICO. Needham & Company LLC dropped 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 report on Wednesday, July 16th. Raymond James Financial dropped their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Griffin Securities set a $1,800.00 target price on Fair Isaac in a research report on Monday, August 18th. Barclays dropped 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 report on Wednesday, July 9th. Finally, Oppenheimer cut their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Fair Isaac presently has a consensus rating of “Buy” and an average target price of $2,130.29.

Fair Isaac Trading Up 17.8%

Shares of FICO stock opened at $1,781.42 on Wednesday. The stock has a 50 day simple moving average of $1,469.68 and a 200-day simple moving average of $1,703.01. The company has a market cap of $42.75 billion, a price-to-earnings ratio of 69.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.35. Fair Isaac has a 12-month low of $1,300.00 and a 12-month high of $2,402.51.

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

Fair Isaac announced that its board has approved a stock 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 reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 18,032 shares of company stock worth $28,153,015. Corporate 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 stock. Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Fair Isaac by 128.0% in the 1st quarter. Merit Financial Group LLC now owns 399 shares of the technology company’s stock valued at $736,000 after purchasing an additional 224 shares in the last quarter. HBW Advisory Services LLC grew its holdings in shares of Fair Isaac by 5.3% during the 1st quarter. HBW Advisory Services LLC now owns 179 shares of the technology company’s stock worth $330,000 after purchasing an additional 9 shares during the period. RFG Advisory LLC purchased a new stake in shares of Fair Isaac during the 1st quarter worth about $218,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Fair Isaac by 2.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 923 shares of the technology company’s stock worth $1,702,000 after purchasing an additional 25 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.