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

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

FICO has been the subject of a number of other research reports. Royal Bank of Canada reiterated a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group upped their price objective on 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. Needham & Company LLC upped their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a buy rating in a research report on Friday, January 26th. Raymond James upped their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an outperform rating in a research report on Friday, January 26th. Finally, Barclays upped their price target on 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $1,180.45.

Fair Isaac Trading Down 2.8 %

Fair Isaac stock opened at $1,130.06 on Tuesday. The business’s fifty day simple moving average is $1,250.01 and its two-hundred day simple moving average is $1,138.67. Fair Isaac has a 12 month low of $692.87 and a 12 month high of $1,349.75. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 63.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last posted its quarterly 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 negative return on equity of 57.80% and a net margin of 29.20%. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. On average, equities research 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 stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the completion of the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 24,000 shares of company stock valued at $29,011,120. Insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in Fair Isaac by 208.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company’s stock worth $799,543,000 after purchasing an additional 463,988 shares during the period. International Assets Investment Management LLC boosted its position in shares of 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 worth $464,737,000 after purchasing an additional 398,900 shares in the last quarter. Norges Bank acquired a new stake in Fair Isaac during the 4th quarter worth about $259,509,000. Geode Capital Management LLC lifted its position in Fair Isaac by 48.9% during the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after acquiring an additional 189,562 shares during the period. Finally, State Street Corp lifted its position in Fair Isaac by 20.3% during the 1st quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after acquiring an additional 168,468 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

About Fair Isaac

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.