Fair Isaac (NYSE:FICO) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Fair Isaac (NYSE:FICO) from a strong sell rating to a buy rating in a research report released on Friday, Zacks.com reports. The brokerage currently has $368.00 price target on the technology company’s stock.

According to Zacks, “Fair Isaac Corporation makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. “

A number of other research analysts also recently weighed in on FICO. Stephens raised their target price on shares of Fair Isaac from $336.00 to $352.00 and gave the company an equal weight rating in a research report on Tuesday, November 5th. William Blair reaffirmed an outperform rating on shares of Fair Isaac in a research report on Tuesday, November 5th. Wells Fargo & Co raised their target price on shares of Fair Isaac from $310.00 to $415.00 and gave the company an outperform rating in a research report on Thursday, August 1st. ValuEngine downgraded shares of Fair Isaac from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird assumed coverage on shares of Fair Isaac in a research report on Monday, October 14th. They issued an outperform rating and a $352.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fair Isaac presently has a consensus rating of Buy and an average target price of $357.40.

Shares of FICO stock traded up $2.81 during trading hours on Friday, hitting $331.59. 193,218 shares of the company were exchanged, compared to its average volume of 235,703. The business has a 50 day moving average of $307.17 and a two-hundred day moving average of $317.54. The company has a current ratio of 0.93, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09. Fair Isaac has a 52 week low of $170.26 and a 52 week high of $373.24. The company has a market capitalization of $9.58 billion, a PE ratio of 52.30 and a beta of 1.15.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.33. The company had revenue of $305.30 million during the quarter, compared to the consensus estimate of $287.06 million. Fair Isaac had a net margin of 16.56% and a return on equity of 66.75%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. On average, research analysts forecast that Fair Isaac will post 6.75 EPS for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other news, CAO Michael S. Leonard sold 1,038 shares of Fair Isaac stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $347.67, for a total value of $360,881.46. Following the completion of the transaction, the chief accounting officer now owns 7,579 shares of the company’s stock, valued at approximately $2,634,990.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 16,000 shares of Fair Isaac stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $331.03, for a total transaction of $5,296,480.00. Following the completion of the transaction, the chief executive officer now directly owns 180,345 shares of the company’s stock, valued at approximately $59,699,605.35. The disclosure for this sale can be found here. In the last three months, insiders sold 109,642 shares of company stock valued at $37,758,966. Insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its stake in Fair Isaac by 6,666.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 140,192 shares of the technology company’s stock worth $42,551,000 after purchasing an additional 138,120 shares in the last quarter. APG Asset Management N.V. raised its stake in Fair Isaac by 777.6% in the 2nd quarter. APG Asset Management N.V. now owns 125,500 shares of the technology company’s stock worth $34,606,000 after purchasing an additional 111,200 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Fair Isaac by 270.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 152,010 shares of the technology company’s stock worth $47,734,000 after purchasing an additional 110,983 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in Fair Isaac in the 2nd quarter worth about $33,443,000. Finally, Victory Capital Management Inc. raised its stake in Fair Isaac by 35.8% in the 2nd quarter. Victory Capital Management Inc. now owns 354,577 shares of the technology company’s stock worth $111,344,000 after purchasing an additional 93,555 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Fair Isaac Company Profile

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.

Recommended Story: What is the QQQ ETF?

Get a free copy of the Zacks research report on Fair Isaac (FICO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Fair Isaac (NYSE:FICO)

Leave a Reply

Your email address will not be published. Required fields are marked *

*