Fair Isaac (NYSE:FICO) Sets New 1-Year High at $1,555.08

Fair Isaac Co. (NYSE:FICO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,555.08 and last traded at $1,550.00, with a volume of 55717 shares traded. The stock had previously closed at $1,530.06.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FICO. Raymond James boosted their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. Wolfe Research began coverage on Fair Isaac in a report on Tuesday. They set an “outperform” rating and a $1,725.00 price target on the stock. Finally, Redburn Atlantic assumed coverage on Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,319.40.

Fair Isaac Stock Up 2.2 %

The stock’s fifty day simple moving average is $1,393.77 and its two-hundred day simple moving average is $1,285.64. The firm has a market cap of $38.73 billion, a PE ratio of 82.28, a PEG ratio of 4.12 and a beta of 1.34.

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

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the transaction, 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 accessible through this hyperlink. In related news, CEO William J. Lansing sold 8,000 shares of the business’s 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 transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joanna Rees sold 1,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now owns 21,118 shares of the company’s stock, valued at $26,503,090. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,014 shares of company stock valued at $31,012,918. Insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. International Assets Investment Management LLC boosted 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Fair Isaac by 30.2% during the first quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock valued at $445,660,000 after purchasing an additional 82,699 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Fair Isaac by 25.2% in the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after purchasing an additional 57,010 shares during the last quarter. 85.75% of the stock is currently owned by 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.