Fair Isaac Corporation (NYSE:FICO) Receives Average Recommendation of “Moderate Buy” from Analysts

Fair Isaac Corporation (NYSE:FICO) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $1,627.9286.

FICO has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird set a $1,549.00 price objective on Fair Isaac in a research note on Wednesday, April 29th. The Goldman Sachs Group reduced their target price on Fair Isaac from $1,770.00 to $1,528.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Jefferies Financial Group decreased their target price on Fair Isaac from $1,800.00 to $1,700.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings raised Fair Isaac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th.

Fair Isaac Stock Up 3.5%

FICO opened at $1,281.22 on Tuesday. The company has a market cap of $29.71 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.10 and a beta of 1.29. Fair Isaac has a 52-week low of $870.01 and a 52-week high of $1,998.01. The firm’s fifty day simple moving average is $1,214.75 and its two-hundred day simple moving average is $1,240.96.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.03 by $1.47. The business had revenue of $691.68 million for the quarter, compared to analyst estimates of $630.21 million. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same quarter last year, the business earned $7.81 earnings per share. On average, research analysts forecast that Fair Isaac will post 38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Wealthcare Advisory Partners LLC grew its holdings in shares of Fair Isaac by 7.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 383 shares of the technology company’s stock worth $458,000 after buying an additional 25 shares in the last quarter. Ebert Capital Management Inc. grew its stake in Fair Isaac by 4.6% during the 2nd quarter. Ebert Capital Management Inc. now owns 3,267 shares of the technology company’s stock valued at $3,903,000 after acquiring an additional 143 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Fair Isaac by 3.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 398 shares of the technology company’s stock valued at $475,000 after acquiring an additional 14 shares in the last quarter. Czech National Bank raised its holdings in Fair Isaac by 2.2% in the 2nd quarter. Czech National Bank now owns 6,601 shares of the technology company’s stock valued at $7,887,000 after acquiring an additional 140 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Fair Isaac by 10.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 2,740 shares of the technology company’s stock worth $3,274,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.