Fair Isaac’s (FICO) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Fair Isaac (NYSE:FICO) in a research report report published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $2,040.00 price objective on the technology company’s stock.

A number of other research analysts have also issued reports on the stock. UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Barclays boosted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday. Robert W. Baird lifted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Stock Up 7.1 %

FICO stock traded up $153.95 during trading on Thursday, hitting $2,330.05. The company had a trading volume of 275,910 shares, compared to its average volume of 171,269. The firm has a 50-day moving average price of $1,935.74 and a 200-day moving average price of $1,633.15. Fair Isaac has a 1-year low of $900.01 and a 1-year high of $2,351.98. The firm has a market cap of $57.13 billion, a PE ratio of 114.44, a price-to-earnings-growth ratio of 3.68 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly 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 company had revenue of $453.81 million for the quarter, compared to analysts’ expectations of $454.78 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Sell-side analysts anticipate that Fair Isaac will post 19.33 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in Fair Isaac in the first quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter worth $26,000. Tortoise Investment Management LLC raised its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the period. Finally, Family Firm Inc. acquired a new position in Fair Isaac in the second quarter valued at $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.