Fair Isaac (FICO) Raised to Overweight at Barclays

Fair Isaac (NYSE:FICO) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Friday, The Fly reports.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine downgraded Fair Isaac from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Finally, Wells Fargo & Co set a $250.00 price target on Fair Isaac and gave the stock a “buy” rating in a report on Sunday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Fair Isaac presently has an average rating of “Hold” and a consensus price target of $208.50.

NYSE:FICO opened at $190.44 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.80 and a current ratio of 0.80. Fair Isaac has a 52 week low of $152.46 and a 52 week high of $241.10. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 3.81 and a beta of 1.43.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, November 1st. The technology company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). The firm had revenue of $279.80 million for the quarter, compared to the consensus estimate of $272.70 million. Fair Isaac had a return on equity of 45.11% and a net margin of 13.79%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. On average, research analysts forecast that Fair Isaac will post 4.89 earnings per share for the current fiscal year.

In other Fair Isaac news, Director A George Battle bought 5,230 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $190.57 per share, for a total transaction of $996,681.10. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James M. Wehmann sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $235.63, for a total value of $4,712,600.00. Following the completion of the sale, the insider now owns 109,726 shares in the company, valued at $25,854,737.38. The disclosure for this sale can be found here. In the last three months, insiders sold 112,979 shares of company stock worth $23,856,216. Company insiders own 5.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Fair Isaac by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,590,921 shares of the technology company’s stock valued at $592,154,000 after acquiring an additional 33,669 shares during the period. Standard Life Aberdeen plc increased its position in Fair Isaac by 0.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 232,667 shares of the technology company’s stock valued at $53,176,000 after acquiring an additional 1,041 shares during the period. Sawgrass Asset Management LLC increased its position in Fair Isaac by 73.1% in the 3rd quarter. Sawgrass Asset Management LLC now owns 4,465 shares of the technology company’s stock valued at $1,020,000 after acquiring an additional 1,885 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in Fair Isaac in the 3rd quarter valued at approximately $411,000. Finally, TIAA CREF Investment Management LLC increased its position in Fair Isaac by 8.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 80,252 shares of the technology company’s stock valued at $18,342,000 after acquiring an additional 6,552 shares during the period. Hedge funds and other institutional investors own 84.96% of the company’s stock.

About Fair Isaac

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.

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