Fair Isaac (NYSE:FICO) Hits New 1-Year High at $1,962.96

Shares of Fair Isaac Co. (NYSE:FICO) reached a new 52-week high on Tuesday . The company traded as high as $1,962.96 and last traded at $1,920.93, with a volume of 12076 shares traded. The stock had previously closed at $1,943.52.

Wall Street Analyst Weigh In

FICO has been the subject of a number of recent research reports. Oppenheimer assumed coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target for the company. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 target price for the company. Robert W. Baird raised their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday. They set a “neutral” rating and a $2,100.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,696.83.

Fair Isaac Stock Down 1.2 %

The stock has a market capitalization of $47.46 billion, a PE ratio of 102.02, a PEG ratio of 4.69 and a beta of 1.34. The firm’s fifty day moving average is $1,754.26 and its 200-day moving average is $1,484.18.

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

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the sale, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last quarter. 3.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Fair Isaac by 3.9% in the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after buying an additional 13,966 shares during the period. American Century Companies Inc. increased its stake in shares of Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after acquiring an additional 21,768 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Fair Isaac by 4.5% during the 1st quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after acquiring an additional 7,884 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.