Fair Isaac (NYSE:FICO) Rating Increased to Strong-Buy at Seaport Res Ptn

Key Points

• Fair Isaac (NYSE:FICO) has been upgraded to a "strong-buy" rating by Seaport Res Ptn in a recent research report.
• Despite varying target prices from other analysts, the consensus average target price for Fair Isaac stock is $2,101.71, with most ratings being "Buy" or "Outperform."
• In its latest quarterly earnings, Fair Isaac reported $8.57 EPS, exceeding estimates and showing significant revenue growth compared to the previous year.

Fair Isaac (NYSE:FICO - Get Free Report) was upgraded by research analysts at Seaport Res Ptn to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised their target price on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Barclays reduced their price objective 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. UBS Group boosted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a "neutral" rating in a report on Monday, September 15th. Wells Fargo & Company set a $2,300.00 target price on shares of Fair Isaac in a report on Wednesday. Finally, Needham & Company LLC decreased their price target on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $2,101.71.

Fair Isaac Trading Up 1.3%

Shares of FICO opened at $1,516.52 on Wednesday. The stock's 50 day moving average is $1,464.77 and its two-hundred day moving average is $1,703.46. Fair Isaac has a twelve month low of $1,300.00 and a twelve month high of $2,402.51. The firm has a market capitalization of $36.40 billion, a PE ratio of 59.31, a P/E/G ratio of 2.91 and a beta of 1.36.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $520.40 million. During the same period last year, the firm earned $6.25 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts predict that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac announced that its board has approved a stock repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 18,032 shares of company stock worth $28,153,015. Company insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. Westside Investment Management Inc. acquired a new stake in shares of Fair Isaac during the second quarter valued at $26,000. ORG Partners LLC purchased a new position in Fair Isaac in the 2nd quarter valued at about $27,000. Hilltop National Bank acquired a new stake in shares of Fair Isaac during the 2nd quarter worth about $27,000. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac during the first quarter worth about $28,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the first quarter worth about $30,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

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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