Fair Isaac Corp. (FICO) Downgraded to Equal Weight at Barclays PLC
Fair Isaac Corp. (NYSE:FICO) was downgraded by investment analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday. They currently have a $135.00 target price on the stock. Barclays PLC’s price objective suggests a potential upside of 4.76% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Fair Isaac Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Dougherty & Co initiated coverage on Fair Isaac Corp. in a research report on Wednesday, July 13th. They set a “buy” rating and a $135.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $119.00.
Shares of Fair Isaac Corp. (NYSE:FICO) traded down 1.03% during mid-day trading on Wednesday, reaching $127.54. 15,636 shares of the company’s stock traded hands. The company has a market capitalization of $3.94 billion, a P/E ratio of 37.37 and a beta of 1.41. Fair Isaac Corp. has a 1-year low of $78.11 and a 1-year high of $132.95. The firm has a 50-day moving average price of $128.47 and a 200-day moving average price of $114.10.
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Fair Isaac Corp. (NYSE:FICO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.45 EPS for the quarter, topping the Zacks’ 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 firm earned $238.78 million during the quarter, compared to analyst estimates of $220.16 million. During the same period last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts forecast that Fair Isaac Corp. will post $3.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date is Monday, September 12th. Fair Isaac Corp.’s payout ratio is 2.34%.
In related news, CAO Michael S. Leonard sold 1,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $128.80, for a total value of $247,424.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Wehmann sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $128.73, for a total value of $4,505,550.00. Following the completion of the transaction, the insider now directly owns 67,181 shares in the company, valued at $8,648,210.13. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Fair Isaac Corp. by 2.1% in the second quarter. Fisher Asset Management LLC now owns 152,742 shares of the company’s stock worth $17,588,000 after buying an additional 3,131 shares during the last quarter. State Street Corp increased its position in shares of Fair Isaac Corp. by 2.3% in the first quarter. State Street Corp now owns 1,016,898 shares of the company’s stock worth $107,883,000 after buying an additional 23,161 shares during the last quarter. BlackRock Group LTD increased its position in shares of Fair Isaac Corp. by 15.7% in the first quarter. BlackRock Group LTD now owns 23,351 shares of the company’s stock worth $2,477,000 after buying an additional 3,163 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Fair Isaac Corp. by 8.7% in the first quarter. Wellington Management Group LLP now owns 918,548 shares of the company’s stock worth $97,449,000 after buying an additional 73,540 shares during the last quarter. Finally, Scopia Capital Management LP increased its position in shares of Fair Isaac Corp. by 20.8% in the first quarter. Scopia Capital Management LP now owns 1,176,857 shares of the company’s stock worth $124,853,000 after buying an additional 202,958 shares during the last quarter. 90.91% of the stock is currently owned by institutional investors and hedge funds.
About Fair Isaac Corp.
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