Fair Isaac (NYSE:FICO) Research Coverage Started at Wolfe Research

Wolfe Research assumed coverage on shares of Fair Isaac (NYSE:FICO) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $1,725.00 price objective on the technology company’s stock.

Other equities research analysts have also issued reports about the company. Needham & Company LLC restated a buy rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Tuesday, June 11th. Redburn Atlantic began coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 target price for the company. Finally, Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of Moderate Buy and an average price target of $1,319.40.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,567.52 on Tuesday. The business’s fifty day moving average price is $1,393.77 and its two-hundred day moving average price is $1,285.64. Fair Isaac has a fifty-two week low of $804.28 and a fifty-two week high of $1,575.01. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 4.12 and a beta of 1.34.

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

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares in the company, valued at $26,503,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at approximately $14,414,270.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares in the company, valued at approximately $26,503,090. The disclosure for this sale can be found here. Insiders sold a total of 24,014 shares of company stock worth $31,012,918 in the last quarter. 3.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the 1st quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in shares of Fair Isaac in the first quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the first quarter worth about $31,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fair Isaac during the 4th quarter valued at about $35,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $37,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.