Fair Isaac (NYSE:FICO) Receives New Coverage from Analysts at Redburn Atlantic

Analysts at Redburn Atlantic assumed coverage on shares of Fair Isaac (NYSE:FICO - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $1,113.00 price target on the technology company's stock. Redburn Atlantic's price objective would indicate a potential downside of 3.41% from the stock's previous close.

FICO has been the subject of several other reports. Jefferies Financial Group increased their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Needham & Company LLC increased their price objective on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the company a "buy" rating in a report on Friday, January 26th. Raymond James raised their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Finally, Barclays raised their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus price target of $1,180.45.

Fair Isaac Stock Up 0.2 %

Shares of FICO traded up $1.75 during midday trading on Tuesday, hitting $1,152.27. The company had a trading volume of 163,204 shares, compared to its average volume of 165,006. Fair Isaac has a 52 week low of $686.08 and a 52 week high of $1,349.75. The company's 50 day moving average price is $1,259.59 and its 200 day moving average price is $1,136.53. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 64.41, a PEG ratio of 2.60 and a beta of 1.21.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million during the quarter, compared to analysts' expectations of $386.55 million. Equities analysts anticipate that Fair Isaac will post 19.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.54% of the company's stock.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Price T Rowe Associates Inc. MD lifted its position in Fair Isaac by 208.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company's stock worth $799,543,000 after buying an additional 463,988 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Fair Isaac by 112,366.2% during 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 purchasing an additional 398,900 shares in the last quarter. Norges Bank bought a new position in shares of Fair Isaac during the 4th quarter valued at $259,509,000. Geode Capital Management LLC raised its holdings in shares of Fair Isaac by 48.9% during the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company's stock valued at $405,140,000 after purchasing an additional 189,562 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Fair Isaac by 20.3% during the 1st quarter. State Street Corp now owns 996,863 shares of the technology company's stock valued at $700,484,000 after purchasing an additional 168,468 shares in the last quarter. Hedge funds and other 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.