UBS Group Begins Coverage on Fair Isaac (NYSE:FICO)

UBS Group started coverage on shares of Fair Isaac (NYSE:FICO) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “neutral” rating and a $2,100.00 price target on the technology company’s stock. UBS Group’s price objective points to a potential upside of 8.05% from the stock’s previous close.

FICO has been the topic of several other reports. Needham & Company LLC boosted their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays increased their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Royal Bank of Canada lifted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,696.83.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,943.52 on Tuesday. The stock has a market capitalization of $48.03 billion, a price-to-earnings ratio of 102.02, a PEG ratio of 4.69 and a beta of 1.34. The company has a 50 day moving average price of $1,754.26 and a 200 day moving average price of $1,484.18. Fair Isaac has a 1-year low of $811.99 and a 1-year high of $1,962.83.

Fair Isaac (NYSE:FICO) last released its quarterly 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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. On average, sell-side analysts expect that Fair Isaac will post 19.19 EPS for the current fiscal year.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the transaction, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at $34,144,751.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,261 shares of company stock valued at $26,291,370. Insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several large investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac in the first quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the 1st quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Fair Isaac during the 1st quarter worth about $31,000. Finally, Family Firm Inc. acquired a new stake in shares of Fair Isaac during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.