Fair Isaac (NYSE:FICO) Reaches New 52-Week Low After Analyst Downgrade

Key Points

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Shares of Fair Isaac Corporation (NYSE:FICO - Get Free Report) hit a new 52-week low on Thursday after Raymond James Financial lowered their price target on the stock from $2,230.00 to $1,800.00. Raymond James Financial currently has an outperform rating on the stock. Fair Isaac traded as low as $1,393.53 and last traded at $1,440.61, with a volume of 140739 shares trading hands. The stock had previously closed at $1,527.80.

FICO has been the subject of several other reports. Robert W. Baird raised shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Griffin Securities set a $2,000.00 price objective on shares of Fair Isaac in a research note on Wednesday, July 9th. Wells Fargo & Company cut their target price on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Barclays reduced their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 9th. Finally, BMO Capital Markets upgraded Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Buy" and an average target price of $2,163.14.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the sale, the director owned 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,829 shares of company stock valued at $36,836,320 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares in the last quarter. World Investment Advisors grew its position in Fair Isaac by 18.8% in the fourth quarter. World Investment Advisors now owns 177 shares of the technology company's stock worth $352,000 after acquiring an additional 28 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in Fair Isaac during the fourth quarter valued at about $343,000. Prudential PLC boosted its position in Fair Isaac by 94.9% during the 4th quarter. Prudential PLC now owns 840 shares of the technology company's stock valued at $1,672,000 after buying an additional 409 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new position in Fair Isaac during the 4th quarter valued at about $16,302,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Down 1.5%

The firm's fifty day moving average is $1,681.11 and its two-hundred day moving average is $1,806.49. The firm has a market cap of $32.64 billion, a P/E ratio of 53.18, a PEG ratio of 2.51 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate 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 business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. During the same quarter last year, the firm posted $6.25 earnings per share. The company's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has approved a share 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 repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership 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.