Fair Isaac Co. (NYSE:FICO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fair Isaac Co. (NYSE:FICO) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $1,582.58.

Several research analysts have recently issued reports on FICO shares. Needham & Company LLC raised their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Barclays lifted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a report on Tuesday, August 13th.

Fair Isaac Stock Performance

Shares of FICO opened at $1,919.08 on Friday. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 100.74, a PEG ratio of 4.69 and a beta of 1.34. The business’s fifty day moving average price is $1,748.03 and its two-hundred day moving average price is $1,476.31. Fair Isaac has a 52 week low of $811.99 and a 52 week high of $1,962.83.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. As a group, research analysts forecast that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac announced that its board has authorized a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now directly owns 19,919 shares in the company, valued at approximately $34,144,751.42. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 over the last three months. Company insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Fair Isaac in the 2nd quarter worth approximately $3,211,000. New Century Financial Group LLC bought a new position in Fair Isaac in the 2nd quarter worth approximately $520,000. Heartland Bank & Trust Co bought a new position in Fair Isaac in the 2nd quarter worth approximately $604,000. EP Wealth Advisors LLC boosted its holdings in Fair Isaac by 265.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,209 shares of the technology company’s stock worth $9,243,000 after buying an additional 4,510 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Fair Isaac by 6.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock worth $417,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.