Fair Isaac Corporation (NYSE:FICO) Receives Average Rating of "Moderate Buy" from Analysts

Fair Isaac Corporation (NYSE:FICO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $2,304.15.

A number of research analysts have commented on the stock. Barclays cut their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Bank of America started coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Oppenheimer lifted their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th.

Insider Buying and Selling

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William J. Lansing sold 2,956 shares of Fair Isaac stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,851 shares of company stock worth $40,543,770 in the last quarter. Insiders own 3.46% of the company's stock.

Institutional Trading of Fair Isaac

Institutional investors have recently bought and sold shares of the business. Nebula Research & Development LLC acquired a new stake in Fair Isaac during the 4th quarter worth $2,540,000. Brighton Jones LLC grew its holdings in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after acquiring an additional 302 shares during the period. CWA Asset Management Group LLC grew its holdings in Fair Isaac by 15.1% during the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock worth $267,000 after acquiring an additional 19 shares during the period. QRG Capital Management Inc. grew its holdings in Fair Isaac by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after acquiring an additional 17 shares during the period. Finally, Allstate Corp acquired a new stake in Fair Isaac during the 4th quarter worth $1,441,000. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Stock Up 2.5%

Shares of FICO opened at $1,807.89 on Monday. The stock has a market cap of $44.00 billion, a price-to-earnings ratio of 77.86, a P/E/G ratio of 2.96 and a beta of 1.29. Fair Isaac has a 12 month low of $1,410.66 and a 12 month high of $2,402.52. The company has a 50-day moving average price of $1,888.42 and a two-hundred day moving average price of $1,895.65.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.14 earnings per share. Equities research analysts expect that Fair Isaac will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its board has authorized a stock repurchase program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

About Fair Isaac

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.

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