Fair Isaac (NYSE:FICO) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Fair Isaac (NYSE:FICO) in a report issued on Monday morning, Benzinga reports. They currently have a $1,500.00 price objective on the technology company’s stock.

Other research analysts have also issued reports about the stock. Raymond James upped their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Barclays increased their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a research report on Friday, January 26th. Finally, Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Fair Isaac presently has a consensus rating of Moderate Buy and a consensus target price of $1,180.45.

Fair Isaac Trading Up 1.8 %

Shares of FICO opened at $1,150.65 on Monday. The firm’s 50-day moving average is $1,247.01 and its two-hundred day moving average is $1,144.79. Fair Isaac has a twelve month low of $708.00 and a twelve month high of $1,349.75. The firm has a market capitalization of $28.59 billion, a P/E ratio of 64.32, a PEG ratio of 2.50 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The company had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Analysts predict that Fair Isaac will post 19.95 EPS for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the company’s 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 transaction of $9,807,440.00. Following the transaction, the chief executive officer now owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 24,000 shares of company stock valued at $29,011,120. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

A number of large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake in Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the period. Panagora Asset Management Inc. raised its stake in Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Fair Isaac by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after purchasing an additional 10 shares during the period. Johnson Investment Counsel Inc. raised its stake in Fair Isaac by 0.3% during the third quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock worth $2,963,000 after purchasing an additional 11 shares during the period. Finally, KB Financial Partners LLC raised its stake in Fair Isaac by 26.2% during the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors 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.