Fair Isaac Corp. (FICO) Downgraded by Barclays PLC
Fair Isaac Corp. (NYSE:FICO) was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a report released on Wednesday. They presently have a $135.00 price objective on the stock. Barclays PLC’s price target suggests a potential upside of 5.17% from the company’s current price. The analysts noted that the move was a valuation call.
Several other research firms also recently weighed in on FICO. Zacks Investment Research upgraded Fair Isaac Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Dougherty & Co began coverage on Fair Isaac Corp. in a report on Wednesday, July 13th. They issued a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $119.00.
Shares of Fair Isaac Corp. (NYSE:FICO) traded down 0.40% on Wednesday, reaching $128.36. 208,292 shares of the company’s stock were exchanged. Fair Isaac Corp. has a one year low of $78.11 and a one year high of $132.95. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 37.61 and a beta of 1.41. The company’s 50 day moving average is $128.47 and its 200-day moving average is $114.20.
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Fair Isaac Corp. (NYSE:FICO) last released its earnings results on Thursday, July 28th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.72. Fair Isaac Corp. had a return on equity of 30.09% and a net margin of 12.60%. The business earned $238.78 million during the quarter, compared to the consensus estimate of $220.16 million. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts anticipate that Fair Isaac Corp. will post $3.13 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.06%. Fair Isaac Corp.’s dividend payout ratio (DPR) is presently 2.34%.
In other Fair Isaac Corp. news, CEO William J. Lansing sold 7,000 shares of Fair Isaac Corp. stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $113.15, for a total value of $792,050.00. Following the transaction, the chief executive officer now owns 183,495 shares in the company, valued at $20,762,459.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark R. Scadina sold 10,000 shares of Fair Isaac Corp. stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $132.56, for a total value of $1,325,600.00. Following the completion of the transaction, the executive vice president now owns 53,787 shares in the company, valued at approximately $7,130,004.72. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of FICO. Nomura Holdings Inc. bought a new position in Fair Isaac Corp. during the second quarter valued at about $473,000. Mason Street Advisors LLC acquired a new stake in shares of Fair Isaac Corp. during the second quarter worth $1,607,000. Schwab Charles Investment Management Inc. raised its stake in shares of Fair Isaac Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 146,185 shares of the company’s stock worth $16,521,000 after buying an additional 2,065 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Fair Isaac Corp. by 18.5% in the second quarter. Stifel Financial Corp now owns 7,005 shares of the company’s stock worth $792,000 after buying an additional 1,092 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Fair Isaac Corp. by 9.7% in the second quarter. Amalgamated Bank now owns 3,744 shares of the company’s stock worth $478,000 after buying an additional 332 shares during the last quarter. Institutional investors own 90.91% of the company’s stock.
About Fair Isaac Corp.
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