Fair Isaac Co. (NYSE:FICO) Given Average Recommendation of “Moderate Buy” by Brokerages

Fair Isaac Co. (NYSE:FICO) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $1,582.58.

A number of equities analysts recently weighed in on FICO shares. Robert W. Baird upped their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. Oppenheimer began coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,261 shares of company stock valued at $26,291,370 in the last three months. 3.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FICO. PNC Financial Services Group Inc. grew its position in shares of Fair Isaac by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 71 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Fair Isaac by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 70,815 shares of the technology company’s stock worth $82,430,000 after purchasing an additional 2,036 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Fair Isaac by 35.5% during the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock worth $542,000 after purchasing an additional 122 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Fair Isaac by 150.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,324 shares of the technology company’s stock worth $15,509,000 after purchasing an additional 7,998 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Fair Isaac by 119.6% during the 4th quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock worth $130,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.3 %

Shares of NYSE FICO opened at $1,934.63 on Friday. The firm has a market cap of $47.81 billion, a PE ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. Fair Isaac has a 1-year low of $811.99 and a 1-year high of $1,951.40. The company has a fifty day moving average price of $1,708.37 and a 200 day moving average price of $1,450.09.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities research analysts forecast that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac declared that its board has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.