Fair Isaac (NYSE:FICO) Receives "Buy" Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Fair Isaac (NYSE:FICO - Free Report) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $2,575.00 price target on the technology company's stock.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada raised shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Oppenheimer lifted their target price on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price target for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and a consensus target price of $2,304.15.

Fair Isaac Price Performance

FICO traded up $34.76 during midday trading on Tuesday, reaching $1,784.17. 197,989 shares of the company's stock traded hands, compared to its average volume of 190,625. Fair Isaac has a 52 week low of $1,287.99 and a 52 week high of $2,402.52. The firm has a fifty day moving average of $1,886.36 and a two-hundred day moving average of $1,931.82. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 81.88, a P/E/G ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last released its earnings results 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 company had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the business posted $6.14 EPS. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts forecast that Fair Isaac will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 592 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,170.34, for a total value of $1,284,841.28. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $91,453,786.92. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the stock in a transaction that occurred on 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 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. In the last 90 days, insiders have sold 13,841 shares of company stock worth $28,180,921. Company insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. increased its stake in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Fair Isaac during the fourth quarter worth approximately $26,000. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac during the 1st quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac during the first quarter valued at $30,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. 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.