Fair Isaac (NYSE:FICO) Raised to "Outperform" at Robert W. Baird

Fair Isaac (NYSE:FICO - Get Free Report) was upgraded by Robert W. Baird from a "neutral" rating to an "outperform" rating in a research report issued on Wednesday, Marketbeat reports. The firm presently has a $1,900.00 price target on the technology company's stock, down from their previous price target of $2,021.00. Robert W. Baird's price objective would suggest a potential upside of 9.84% from the stock's previous close.

Several other equities analysts have also issued reports on FICO. Jefferies Financial Group reaffirmed a "buy" rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Barclays lowered their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target for the company. Finally, Needham & Company LLC lifted their price target on Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Two 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Stock Up 2.7%

Shares of FICO stock traded up $44.85 during mid-day trading on Wednesday, reaching $1,729.85. 446,471 shares of the company's stock traded hands, compared to its average volume of 188,782. Fair Isaac has a 12 month low of $1,266.72 and a 12 month high of $2,402.52. The company has a market cap of $42.11 billion, a P/E ratio of 79.39, a P/E/G ratio of 3.27 and a beta of 1.40. The company's 50-day moving average price is $1,903.28 and its 200-day moving average price is $1,964.30.

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 (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.14 EPS. Equities analysts predict that Fair Isaac will post 24.15 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $72,801,401.22. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,933 shares of company stock valued at $35,250,629. 3.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

A number of large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Fair Isaac during the 1st quarter valued at about $9,774,000. Intech Investment Management LLC grew its stake in shares of Fair Isaac by 22.3% during the 1st quarter. Intech Investment Management LLC now owns 35,091 shares of the technology company's stock valued at $64,713,000 after acquiring an additional 6,389 shares during the period. Focus Partners Wealth grew its stake in shares of Fair Isaac by 2.5% during the 1st quarter. Focus Partners Wealth now owns 43,149 shares of the technology company's stock valued at $79,574,000 after acquiring an additional 1,048 shares during the period. Bayforest Capital Ltd grew its stake in shares of Fair Isaac by 417.1% during the 1st quarter. Bayforest Capital Ltd now owns 393 shares of the technology company's stock valued at $725,000 after acquiring an additional 317 shares during the period. Finally, Alaethes Wealth LLC grew its stake in shares of Fair Isaac by 2.5% during the 1st quarter. Alaethes Wealth LLC now owns 1,397 shares of the technology company's stock valued at $2,576,000 after acquiring an additional 34 shares during the period. 85.75% of the stock is currently owned by institutional investors.

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.