Fair Isaac (NYSE:FICO) was upgraded by Zacks Investment Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, "Fair Isaac Corporation makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. "
Several other analysts also recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $425.00 target price on shares of Fair Isaac in a report on Friday, May 22nd. Barclays increased their price objective on Fair Isaac from $340.00 to $475.00 in a report on Wednesday, June 10th. Stephens upgraded Fair Isaac from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $421.00 to $319.00 in a research note on Thursday, March 26th. ValuEngine upgraded Fair Isaac from a "sell" rating to a "hold" rating in a research note on Tuesday, March 17th. Finally, Robert W. Baird lifted their target price on Fair Isaac from $334.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fair Isaac currently has an average rating of "Buy" and an average target price of $396.00.
Shares of NYSE FICO traded up $12.01 during midday trading on Tuesday, reaching $418.04. 250,042 shares of the stock were exchanged, compared to its average volume of 298,103. The company has a 50 day simple moving average of $399.32 and a 200 day simple moving average of $366.96. The stock has a market capitalization of $11.78 billion, a P/E ratio of 54.43 and a beta of 1.18. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.01 and a current ratio of 1.01. Fair Isaac has a twelve month low of $177.65 and a twelve month high of $436.69.
Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.14 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.76 by $0.38. The business had revenue of $307.97 million during the quarter, compared to the consensus estimate of $298.27 million. Fair Isaac had a net margin of 18.92% and a return on equity of 89.98%. The business's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. On average, research analysts expect that Fair Isaac will post 4.93 earnings per share for the current year.
In related news, Director A George Battle sold 5,625 shares of Fair Isaac stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $365.46, for a total transaction of $2,055,712.50. Following the completion of the sale, the director now owns 5,625 shares in the company, valued at approximately $2,055,712.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michael S. Leonard sold 500 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $385.46, for a total transaction of $192,730.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,018 shares of the company's stock, valued at approximately $3,090,618.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,709 shares of company stock valued at $10,623,075. 3.81% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in FICO. Bamco Inc. NY acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $33,000. Archer Investment Corp acquired a new stake in shares of Fair Isaac during the 4th quarter worth about $33,000. Ellevest Inc. boosted its stake in shares of Fair Isaac by 44.2% during the 1st quarter. Ellevest Inc. now owns 124 shares of the technology company's stock worth $38,000 after purchasing an additional 38 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Fair Isaac during the 1st quarter worth about $40,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Fair Isaac during the 1st quarter worth about $60,000. 85.80% of the stock is currently owned by institutional investors.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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