Fair Isaac (NYSE:FICO) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of Fair Isaac (NYSE:FICO) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a neutral rating and a $1,113.00 price objective on the technology company’s stock.

Several other research firms have also weighed in on FICO. Barclays boosted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a report on Wednesday, January 17th. Needham & Company LLC upped their price objective on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a buy rating in a report on Friday, January 26th. Royal Bank of Canada restated a sector perform rating and issued a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Finally, Raymond James upped their price objective on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an outperform rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of Moderate Buy and an average price target of $1,180.45.

Fair Isaac Stock Up 0.2 %

FICO stock opened at $1,152.27 on Tuesday. The stock has a market capitalization of $28.63 billion, a P/E ratio of 64.41, a P/E/G ratio of 2.60 and a beta of 1.21. The firm has a 50-day simple moving average of $1,259.59 and a 200-day simple moving average of $1,136.53. Fair Isaac has a 52 week low of $686.08 and a 52 week high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, analysts expect that Fair Isaac will post 19.95 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Large investors have recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at $29,000. KB Financial Partners LLC purchased a new position in shares of Fair Isaac in the 2nd quarter valued at $34,000. Clear Street Markets LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Fair Isaac in the 4th quarter valued at $35,000. Finally, O Dell Group LLC purchased a new position in shares of Fair Isaac in the 4th quarter valued at $36,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.