Brokerages Set Fair Isaac Co. (NYSE:FICO) PT at $1,274.33

Fair Isaac Co. (NYSE:FICO) has been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $1,274.33.

Several research firms have issued reports on FICO. Redburn Atlantic began coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Raymond James upped their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,410.08 on Thursday. Fair Isaac has a 12 month low of $764.49 and a 12 month high of $1,451.78. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 74.02, a PEG ratio of 3.74 and a beta of 1.31. The stock’s 50 day moving average price is $1,271.71 and its 200 day moving average price is $1,240.93.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. On average, sell-side analysts expect that Fair Isaac will post 19.75 EPS for the current year.

Insider Activity

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction 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 in the company, valued at $14,414,270.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,014 shares of company stock worth $31,012,918 in the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of large investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its holdings in Fair Isaac by 17.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 18,867 shares of the technology company’s stock worth $24,252,000 after purchasing an additional 2,758 shares in the last quarter. EULAV Asset Management boosted its holdings in Fair Isaac by 1.2% in the first quarter. EULAV Asset Management now owns 65,600 shares of the technology company’s stock worth $81,974,000 after purchasing an additional 798 shares in the last quarter. Spear Holdings RSC Ltd bought a new stake in Fair Isaac in the first quarter worth $69,478,000. Cetera Advisors LLC boosted its holdings in Fair Isaac by 159.0% in the first quarter. Cetera Advisors LLC now owns 3,919 shares of the technology company’s stock worth $4,898,000 after purchasing an additional 2,406 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Fair Isaac by 8.7% in the first quarter. Atria Investments Inc now owns 5,547 shares of the technology company’s stock worth $6,932,000 after purchasing an additional 445 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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.