Fair Isaac Corporation (NYSE:FICO) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Fair Isaac Corporation (NYSE:FICO) has received a consensus rating of "Buy" from fourteen analysts, with an average target price of $2,163.14.
• Insider activity includes CEO William J. Lansing selling 6,010 shares for approximately $10.6 million, resulting in a 12.48% decrease in his ownership.
• The company reported a quarterly EPS of $8.57, exceeding analysts' expectations and reflecting a 19.8% increase in revenue compared to the same quarter the previous year.

Shares of Fair Isaac Corporation (NYSE:FICO - Get Free Report) have received an average rating of "Buy" from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2,163.1429.

A number of equities analysts recently weighed in on the stock. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Raymond James Financial decreased their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a research note on Thursday, July 10th.

Insider Activity

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total transaction of $10,624,598.20. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock valued at $22,247,892 in the last three months. Insiders own 3.46% of the company's stock.

Institutional Trading of Fair Isaac

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Fair Isaac by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company's stock valued at $5,479,356,000 after buying an additional 35,091 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Fair Isaac by 0.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock worth $1,518,803,000 after purchasing an additional 3,677 shares during the period. Geode Capital Management LLC raised its position in Fair Isaac by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company's stock worth $1,299,727,000 after purchasing an additional 13,906 shares during the period. Principal Financial Group Inc. raised its position in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares during the period. Finally, American Century Companies Inc. raised its position in Fair Isaac by 4.7% in the 1st quarter. American Century Companies Inc. now owns 386,618 shares of the technology company's stock worth $712,985,000 after purchasing an additional 17,498 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Stock Down 0.9%

Shares of FICO opened at $1,309.09 on Tuesday. The business's 50 day moving average price is $1,649.36 and its 200-day moving average price is $1,788.07. Fair Isaac has a 52 week low of $1,305.15 and a 52 week high of $2,402.51. The stock has a market cap of $31.42 billion, a P/E ratio of 51.20, a P/E/G ratio of 2.57 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%. The firm had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same period in the previous year, the firm posted $6.25 EPS. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac declared that its board has approved a stock repurchase plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are generally a sign 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.

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