Fair Isaac (NYSE:FICO) Sets New 52-Week High at $1,457.91

Fair Isaac Co. (NYSE:FICO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $1,457.91 and last traded at $1,450.95, with a volume of 15216 shares trading hands. The stock had previously closed at $1,441.50.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research report on Tuesday, June 11th. Redburn Atlantic began coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price for the company. Finally, Raymond James upped their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $1,274.33.

Fair Isaac Stock Performance

The stock has a market cap of $36.33 billion, a P/E ratio of 77.17, a P/E/G ratio of 3.92 and a beta of 1.31. The company has a 50-day simple moving average of $1,311.94 and a 200-day simple moving average of $1,257.69.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. The business had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. As a group, sell-side analysts expect that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joanna Rees sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The disclosure for this sale can be found here. Insiders have sold 24,014 shares of company stock valued at $31,012,918 over the last three months. 3.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornercap Investment Counsel Inc. acquired a new position in shares of Fair Isaac in the 4th quarter valued at $249,000. Patton Fund Management Inc. boosted its holdings in Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after buying an additional 2,164 shares during the last quarter. Seven Eight Capital LP grew its position in shares of Fair Isaac by 140.0% during the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after buying an additional 840 shares during the period. SG Americas Securities LLC increased its stake in shares of Fair Isaac by 289.0% in the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after acquiring an additional 1,737 shares during the last quarter. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $6,251,000. 85.75% of the stock is owned by 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.