Fair Isaac (NYSE:FICO) Earns “Sector Perform” Rating from Royal Bank of Canada

Fair Isaac (NYSE:FICO)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They currently have a $2,040.00 price target on the technology company’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 12.53% from the stock’s current price.

A number of other equities analysts have also recently weighed in on FICO. Wells Fargo & Company lifted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Oppenheimer boosted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Robert W. Baird raised their target price 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. Finally, Barclays upped their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Stock Up 7.2 %

FICO stock opened at $2,332.29 on Thursday. The company has a 50-day simple moving average of $1,947.74 and a 200 day simple moving average of $1,641.34. The company has a market capitalization of $57.19 billion, a P/E ratio of 113.94, a PEG ratio of 3.87 and a beta of 1.35. Fair Isaac has a fifty-two week low of $900.01 and a fifty-two week high of $2,351.98.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, November 6th. The technology company reported $5.34 EPS for the quarter, missing the consensus estimate of $5.44 by ($0.10). The business had revenue of $453.81 million for the quarter, compared to analyst estimates of $454.78 million. Fair Isaac had a net margin of 29.86% and a negative return on equity of 63.35%. Equities analysts anticipate that Fair Isaac will post 24.74 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heritage Family Offices LLP raised its stake in shares of Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fair Isaac by 5.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after purchasing an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the last quarter. Covestor Ltd increased its stake in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is 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.