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

Shares of Fair Isaac Co. (NYSE:FICO) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1,964.92.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday. Robert W. Baird raised their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday.

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Thomas A. Bowers sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FICO. EntryPoint Capital LLC acquired a new position in Fair Isaac in the first quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the third quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in Fair Isaac in the first quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in Fair Isaac during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

NYSE:FICO opened at $2,332.29 on Friday. The firm has a market cap of $56.79 billion, a price-to-earnings ratio of 114.05, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35. Fair Isaac has a 1-year low of $900.01 and a 1-year high of $2,351.98. The firm’s fifty day moving average price is $1,947.74 and its 200 day moving average price is $1,644.51.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, November 6th. The technology company reported $5.34 EPS for the quarter, missing the consensus estimate of $5.44 by ($0.10). The company had revenue of $453.81 million for the quarter, compared to analysts’ expectations of $454.78 million. Fair Isaac had a negative return on equity of 63.35% and a net margin of 29.86%. As a group, analysts expect that Fair Isaac will post 24.74 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is 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.