Needham & Company LLC Reiterates Buy Rating for Fair Isaac (NYSE:FICO)

Needham & Company LLC restated their buy rating on shares of Fair Isaac (NYSE:FICO - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $2,575.00 target price on the technology company's stock.

Several other research firms also recently commented on FICO. Robert W. Baird raised Fair Isaac from a "neutral" rating to an "outperform" rating and cut their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Oppenheimer lifted their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Barclays cut their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Royal Bank of Canada upgraded 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 report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,304.15.

Fair Isaac Stock Performance

NYSE FICO traded up $0.71 during trading on Tuesday, hitting $1,785.08. The stock had a trading volume of 268,942 shares, compared to its average volume of 192,292. The company's 50-day moving average price is $1,892.30 and its two-hundred day moving average price is $1,921.82. The company has a market capitalization of $43.45 billion, a PE ratio of 81.92, a P/E/G ratio of 3.27 and a beta of 1.29. Fair Isaac has a 12 month low of $1,365.00 and a 12 month high of $2,402.52.

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

Insider Activity

In other Fair Isaac news, Director Marc F. Mcmorris sold 797 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at approximately $505,175. This represents a 76.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $74,210,495.94. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,851 shares of company stock worth $40,543,770. 3.46% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

Several institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its position in Fair Isaac by 3.2% during the first quarter. Inspire Investing LLC now owns 2,386 shares of the technology company's stock valued at $4,400,000 after buying an additional 73 shares during the period. Strs Ohio bought a new position in Fair Isaac during the first quarter valued at approximately $9,774,000. Intech Investment Management LLC grew its holdings in shares of Fair Isaac by 22.3% in the first quarter. Intech Investment Management LLC now owns 35,091 shares of the technology company's stock valued at $64,713,000 after purchasing an additional 6,389 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Fair Isaac by 2.5% in the 1st quarter. Focus Partners Wealth now owns 43,149 shares of the technology company's stock worth $79,574,000 after buying an additional 1,048 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its stake in shares of Fair Isaac by 417.1% in the 1st quarter. Bayforest Capital Ltd now owns 393 shares of the technology company's stock valued at $725,000 after purchasing an additional 317 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other 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.