Fair Isaac Corporation (NYSE:FICO) Receives $2,076.77 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Fair Isaac Corporation (NYSE:FICO – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $2,076.7692.

A number of brokerages have commented on FICO. Needham & Company LLC reiterated a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a report on Thursday, October 2nd. Barclays lifted their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. UBS Group boosted their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th.

Read Our Latest Research Report on FICO

Fair Isaac Trading Down 0.8%

Shares of NYSE FICO opened at $1,747.90 on Monday. Fair Isaac has a 12-month low of $1,300.00 and a 12-month high of $2,217.60. The stock’s fifty day simple moving average is $1,717.38 and its two-hundred day simple moving average is $1,635.49. The stock has a market capitalization of $41.44 billion, a PE ratio of 65.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29.

Fair Isaac (NYSE:FICO – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping the consensus estimate of $7.36 by $0.38. The firm had revenue of $515.75 million during the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.54 EPS. On average, equities analysts predict that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the sale, the director owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 4,942 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. The trade was a 10.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,358 shares of company stock worth $17,517,343 in the last ninety days. 3.46% of the stock is owned by insiders.

Institutional Trading of Fair Isaac

A number of institutional investors have recently bought and sold shares of FICO. Westside Investment Management Inc. acquired a new position in Fair Isaac during the 2nd quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac during the second quarter valued at $27,000. Hilltop National Bank acquired a new position in shares of Fair Isaac in the 2nd quarter valued at $27,000. Geo Capital Gestora de Recursos Ltd purchased a new position in Fair Isaac in the 1st quarter worth $28,000. Finally, Ransom Advisory Ltd purchased a new position in Fair Isaac in the 3rd quarter worth $30,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

About Fair Isaac

(Get Free Report)

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.

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