Fair Isaac (NYSE:FICO) Shares Gap Down on Analyst Downgrade

Shares of Fair Isaac Corporation (NYSE:FICO - Get Free Report) gapped down prior to trading on Wednesday after Barclays lowered their price target on the stock from $2,250.00 to $2,000.00. The stock had previously closed at $1,703.17, but opened at $1,665.01. Barclays currently has an overweight rating on the stock. Fair Isaac shares last traded at $1,670.00, with a volume of 87,145 shares changing hands.

A number of other equities research analysts have also issued reports on FICO. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Oppenheimer upped their target price on shares of Fair Isaac from $2,293.00 to $2,300.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $2,262.38.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the sale, the executive vice president directly owned 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's 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 transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,895 shares of company stock worth $35,337,869. Company insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Nebula Research & Development LLC purchased a new position in Fair Isaac in the 4th quarter worth about $2,540,000. CWA Asset Management Group LLC lifted its position in shares of Fair Isaac by 15.1% in the 1st quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after acquiring an additional 19 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Fair Isaac by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock worth $728,000 after purchasing an additional 17 shares during the period. Brighton Jones LLC grew its position in Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Fair Isaac by 55.6% during the 1st quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after purchasing an additional 50 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

The company has a market cap of $38.81 billion, a PE ratio of 68.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.28. The stock has a fifty day moving average price of $1,863.71 and a 200-day moving average price of $1,868.89.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same period last year, the business earned $6.14 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has authorized a share repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management 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.