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

Key Points

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Fair Isaac Corporation (NYSE:FICO - Get Free Report) reached a new 52-week low during mid-day trading 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. The stock had previously closed at $1,527.80.

Several other equities research analysts have also recently commented on FICO. Barclays lowered their price target on 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. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a research report on Thursday, July 17th. BMO Capital Markets raised Fair Isaac to a "strong-buy" rating in a research report on Thursday, July 10th. Wells Fargo & Company decreased their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Finally, Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $2,163.14.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction on 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 directly owned 42,138 shares in the company, 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 through this link. Also, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the transaction, the director owned 242 shares of the company's stock, valued at approximately $505,175. The trade was a 76.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,829 shares of company stock worth $36,836,320 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FICO. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at $26,000. ORG Partners LLC acquired a new position in shares of Fair Isaac in the second quarter valued at $27,000. Hilltop National Bank acquired a new position in shares of Fair Isaac in the second quarter valued at $27,000. Geo Capital Gestora de Recursos Ltd acquired a new position in shares of Fair Isaac in the first quarter valued at $28,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac in the first quarter valued at $30,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Price Performance

The business has a 50 day moving average of $1,687.81 and a 200 day moving average of $1,810.24. The firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 54.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28.

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

Fair Isaac declared that its board has initiated a stock repurchase program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually 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.