Fair Isaac (NYSE:FICO) Price Target Raised to $490.00


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Fair Isaac (NYSE:FICO) had its target price boosted by Jefferies Financial Group from $475.00 to $490.00 in a research report released on Monday, The Fly reports. They currently have a hold rating on the technology company’s stock. Jefferies Financial Group also issued estimates for Fair Isaac’s Q1 2021 earnings at $1.98 EPS, Q2 2021 earnings at $2.30 EPS, Q3 2021 earnings at $2.35 EPS, Q4 2021 earnings at $2.53 EPS and FY2021 earnings at $9.14 EPS.

FICO has been the subject of several other research reports. Barclays upped their target price on shares of Fair Isaac from $475.00 to $565.00 and gave the company an overweight rating in a research report on Tuesday, December 8th. Needham & Company LLC upped their target price on shares of Fair Isaac from $525.00 to $550.00 and gave the company a buy rating in a research report on Wednesday, November 11th. BidaskClub cut shares of Fair Isaac from a buy rating to a hold rating in a research report on Thursday, December 31st. Finally, Zacks Investment Research upgraded shares of Fair Isaac from a hold rating to a strong-buy rating and set a $506.00 target price for the company in a research report on Wednesday, October 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $502.14.

FICO stock opened at $488.96 on Monday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50 day moving average price of $502.72 and a 200 day moving average price of $448.32. Fair Isaac has a fifty-two week low of $177.65 and a fifty-two week high of $530.95. The stock has a market capitalization of $14.23 billion, a PE ratio of 61.97 and a beta of 1.18.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, November 10th. The technology company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.93. The firm had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $316.40 million. Fair Isaac had a net margin of 18.26% and a return on equity of 98.78%. Fair Isaac’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.01 EPS. As a group, equities analysts expect that Fair Isaac will post 7.26 earnings per share for the current fiscal year.

In other news, CAO Michael S. Leonard sold 519 shares of Fair Isaac stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $507.42, for a total transaction of $263,350.98. Following the transaction, the chief accounting officer now owns 8,846 shares in the company, valued at approximately $4,488,637.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael S. Leonard sold 310 shares of Fair Isaac stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $519.84, for a total value of $161,150.40. Following the transaction, the chief accounting officer now owns 7,709 shares in the company, valued at approximately $4,007,446.56. The disclosure for this sale can be found here. Insiders own 3.81% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in Fair Isaac by 4.2% during the third quarter. Sei Investments Co. now owns 17,136 shares of the technology company’s stock worth $7,298,000 after buying an additional 696 shares during the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Fair Isaac by 8.1% during the third quarter. First Allied Advisory Services Inc. now owns 770 shares of the technology company’s stock worth $328,000 after acquiring an additional 58 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Fair Isaac by 357.1% during the second quarter. Cubist Systematic Strategies LLC now owns 9,690 shares of the technology company’s stock worth $4,051,000 after acquiring an additional 7,570 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Fair Isaac during the third quarter worth about $213,000. Finally, IFM Investors Pty Ltd grew its stake in shares of Fair Isaac by 11.0% during the third quarter. IFM Investors Pty Ltd now owns 2,353 shares of the technology company’s stock worth $1,001,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 79.58% 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 in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. 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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