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Fair Isaac (NYSE:FICO) Sets New 12-Month High at $1,457.91

Fair Isaac logo with Computer and Technology background

Fair Isaac Co. (NYSE:FICO - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $1,457.91 and last traded at $1,450.95, with a volume of 15216 shares traded. The stock had previously closed at $1,441.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FICO shares. Redburn Atlantic assumed coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They issued a "neutral" rating and a $1,113.00 price objective on the stock. Raymond James boosted their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average target price of $1,274.33.

Get Our Latest Research Report on FICO

Fair Isaac Stock Up 1.1 %

The business has a fifty day moving average price of $1,299.53 and a 200-day moving average price of $1,253.93. The stock has a market capitalization of $36.01 billion, a P/E ratio of 75.68, a P/E/G ratio of 3.87 and a beta of 1.31.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, beating the consensus estimate of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The firm had revenue of $433.81 million during the quarter, compared to analysts' expectations of $425.94 million. On average, equities analysts expect that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.


Insider Buying and Selling

In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the transaction, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares of the company's stock, valued at approximately $14,414,270.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark R. Scadina sold 423 shares of the firm's stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares in the company, valued at $44,222,055.48. The disclosure for this sale can be found here. Insiders sold 24,014 shares of company stock valued at $31,012,918 over the last 90 days. Company insiders own 3.54% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds have recently made changes to their positions in FICO. International Assets Investment Management LLC increased its holdings in Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company's stock valued at $464,737,000 after acquiring an additional 398,900 shares during the last quarter. Norges Bank bought a new stake in shares of Fair Isaac in the fourth quarter worth about $259,509,000. Price T Rowe Associates Inc. MD lifted its position in shares of Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company's stock worth $1,076,268,000 after buying an additional 174,397 shares in the last quarter. American Century Companies Inc. boosted its stake in Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company's stock valued at $318,633,000 after buying an additional 104,161 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company's stock valued at $445,660,000 after buying an additional 82,699 shares in the last quarter. Institutional investors own 85.75% of the company's stock.

About Fair Isaac

(Get Free Report)

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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