Fair Isaac (NYSE:FICO) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Fair Isaac (NYSE:FICO) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on FICO. Robert W. Baird boosted their price target on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. UBS Group raised their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. increased their price target on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Barclays boosted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,118.50.

Fair Isaac Trading Down 1.0%

NYSE FICO opened at $1,761.34 on Monday. The stock has a market cap of $41.76 billion, a P/E ratio of 66.34, a P/E/G ratio of 1.96 and a beta of 1.29. Fair Isaac has a 12 month low of $1,300.00 and a 12 month high of $2,400.00. The stock’s fifty day moving average price is $1,690.78 and its 200-day moving average price is $1,632.55.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating the consensus estimate of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. During the same period last year, the firm posted $6.54 earnings per share. Fair Isaac’s revenue was up 13.6% compared to the same quarter last year. As a group, analysts forecast that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 14,422 shares of company stock worth $23,226,939. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

A number of large investors have recently modified their holdings of the company. Ironwood Investment Counsel LLC raised its stake in Fair Isaac by 5.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 109 shares of the technology company’s stock valued at $201,000 after purchasing an additional 6 shares during the last quarter. MAI Capital Management lifted its stake in shares of Fair Isaac by 11.8% during the first quarter. MAI Capital Management now owns 57 shares of the technology company’s stock worth $105,000 after purchasing an additional 6 shares in the last quarter. Heartland Bank & Trust Co boosted its position in shares of Fair Isaac by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock worth $694,000 after buying an additional 6 shares during the period. GW&K Investment Management LLC grew its stake in shares of Fair Isaac by 4.6% in the third quarter. GW&K Investment Management LLC now owns 136 shares of the technology company’s stock valued at $204,000 after buying an additional 6 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.