Fair Isaac (NYSE:FICO) Upgraded at Baird R W

Baird R W upgraded shares of Fair Isaac (NYSE:FICO - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Bank of America assumed coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Raymond James restated an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Jefferies Financial Group restated a "buy" rating and set a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Finally, Barclays dropped their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Price Performance

Shares of FICO traded up $44.85 during mid-day trading on Wednesday, reaching $1,729.85. The company's stock had a trading volume of 446,471 shares, compared to its average volume of 188,203. Fair Isaac has a 12-month low of $1,274.55 and a 12-month high of $2,402.52. The stock has a market cap of $42.11 billion, a PE ratio of 79.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The company's 50 day moving average is $1,899.42 and its 200 day moving average is $1,957.34.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same quarter in the prior year, the business posted $6.14 EPS. The business's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the firm'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 sale, the executive vice president now directly owns 9,974 shares of the company's stock, valued at $20,517,016.70. This represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock valued at $35,250,629 in the last three months. 3.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock worth $31,000 after purchasing an additional 5 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in Fair Isaac by 4.6% during the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock worth $209,000 after purchasing an additional 5 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in Fair Isaac by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after purchasing an additional 6 shares during the last quarter. Mather Group LLC. raised its holdings in Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after purchasing an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock worth $1,236,000 after purchasing an additional 6 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

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.