Fair Isaac (NYSE:FICO) Shares Gap Down to $1,193.66

Fair Isaac Co. (NYSE:FICO) shares gapped down prior to trading on Friday . The stock had previously closed at $1,193.66, but opened at $1,136.83. Fair Isaac shares last traded at $1,143.31, with a volume of 67,656 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group lifted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Barclays lifted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,182.09.

Fair Isaac Stock Performance

The firm’s fifty day simple moving average is $1,237.78 and its 200-day simple moving average is $1,151.01. The stock has a market cap of $27.60 billion, a P/E ratio of 58.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. Analysts predict that Fair Isaac Co. will post 19.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 24,000 shares of company stock worth $29,011,120 in the last quarter. 3.54% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

Several hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its position in Fair Isaac by 1.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock valued at $397,560,000 after purchasing an additional 4,584 shares during the period. International Assets Investment Management LLC grew its position in Fair Isaac by 112,366.2% in the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares during the period. American Century Companies Inc. grew its position in Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after purchasing an additional 104,161 shares during the period. Invesco Ltd. grew its position in Fair Isaac by 13.6% in the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after purchasing an additional 42,998 shares during the period. Finally, Franklin Resources Inc. grew its position in Fair Isaac by 25.2% in the 4th quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after purchasing an additional 57,010 shares during the period. 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.