Fair Isaac Co. (NYSE:FICO) Receives $2,088.15 Consensus PT from Brokerages

Shares of Fair Isaac Co. (NYSE:FICO) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $2,088.15.

A number of analysts recently issued reports on FICO shares. Oppenheimer dropped their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group dropped their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. UBS Group dropped their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, The Goldman Sachs Group increased their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,846.45 on Friday. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.52. The business’s fifty day moving average price is $1,842.79 and its 200-day moving average price is $1,984.72. The stock has a market capitalization of $45.09 billion, a PE ratio of 84.74, a P/E/G ratio of 3.27 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities analysts expect that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 6,010 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,241 shares of company stock worth $18,186,184. 3.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fair Isaac

A number of large investors have recently bought and sold shares of FICO. Rakuten Securities Inc. grew its position in shares of Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $26,000. True Wealth Design LLC grew its position in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $40,000. Finally, Avalon Trust Co bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $40,000. 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.