William Blair Reaffirms Outperform Rating for Fair Isaac (NYSE:FICO)

William Blair reissued their outperform rating on shares of Fair Isaac (NYSE:FICO) in a research report report published on Tuesday, Zacks.com reports. William Blair also issued estimates for Fair Isaac’s FY2020 earnings at $6.77 EPS and FY2021 earnings at $7.16 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Fair Isaac from a hold rating to a sell rating in a research note on Tuesday, October 15th. Robert W. Baird initiated coverage on Fair Isaac in a research note on Monday, October 14th. They issued an outperform rating and a $352.00 price objective for the company. Wells Fargo & Co lifted their price objective on Fair Isaac from $310.00 to $415.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Finally, ValuEngine cut Fair Isaac from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Fair Isaac has an average rating of Buy and an average price target of $357.40.

Shares of FICO opened at $331.59 on Tuesday. The stock has a 50-day simple moving average of $307.17 and a 200-day simple moving average of $317.54. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.95 and a current ratio of 0.93. The stock has a market capitalization of $9.58 billion, a PE ratio of 52.30 and a beta of 1.15. Fair Isaac has a 1 year low of $170.26 and a 1 year high of $373.24.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.33. The business had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $287.06 million. Fair Isaac had a return on equity of 66.75% and a net margin of 16.56%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. Analysts predict that Fair Isaac will post 6.75 EPS for the current year.

In related news, CEO William J. Lansing sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $331.03, for a total transaction of $5,296,480.00. Following the completion of the sale, the chief executive officer now owns 180,345 shares in the company, valued at $59,699,605.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michael S. Leonard sold 1,038 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $347.67, for a total value of $360,881.46. Following the sale, the chief accounting officer now owns 7,579 shares of the company’s stock, valued at approximately $2,634,990.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,642 shares of company stock valued at $37,758,966. 6.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Balasa Dinverno & Foltz LLC purchased a new stake in Fair Isaac during the third quarter worth approximately $248,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Fair Isaac during the third quarter worth approximately $1,094,000. Benjamin F. Edwards & Company Inc. lifted its stake in Fair Isaac by 4,545.5% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 511 shares of the technology company’s stock worth $155,000 after purchasing an additional 500 shares during the last quarter. Bingham Osborn & Scarborough LLC lifted its stake in Fair Isaac by 18.2% during the third quarter. Bingham Osborn & Scarborough LLC now owns 2,949 shares of the technology company’s stock worth $895,000 after purchasing an additional 455 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Fair Isaac by 29.4% during the third quarter. First Trust Advisors LP now owns 73,414 shares of the technology company’s stock worth $22,283,000 after purchasing an additional 16,692 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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Analyst Recommendations for Fair Isaac (NYSE:FICO)

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