Fair Isaac (NYSE:FICO) Sets New 52-Week High at $1,609.45

Shares of Fair Isaac Co. (NYSE:FICO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $1,609.45 and last traded at $1,596.59, with a volume of 24740 shares trading hands. The stock had previously closed at $1,588.52.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FICO shares. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Wolfe Research initiated coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Raymond James boosted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average price target of $1,319.40.

Fair Isaac Price Performance

The stock has a market cap of $39.32 billion, a price-to-earnings ratio of 83.39, a P/E/G ratio of 4.28 and a beta of 1.34. The business’s fifty day simple moving average is $1,401.68 and its 200 day simple moving average is $1,290.25.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. As a group, equities analysts forecast that Fair Isaac Co. will post 19.75 EPS for the current fiscal year.

Insider Activity

In related news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the transaction, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark R. Scadina sold 423 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the sale, the executive vice president now owns 32,229 shares in the company, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,014 shares of company stock valued at $31,012,918. 3.54% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its stake in shares of Fair Isaac by 20.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 642 shares of the technology company’s stock valued at $558,000 after buying an additional 108 shares during the period. Thrive Wealth Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $220,000. Dfpg Investments LLC grew its stake in Fair Isaac by 19.0% during the fourth quarter. Dfpg Investments LLC now owns 313 shares of the technology company’s stock worth $351,000 after purchasing an additional 50 shares during the period. Marshall Financial Group LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $227,000. Finally, Chapin Davis Inc. grew its stake in Fair Isaac by 0.5% during the fourth quarter. Chapin Davis Inc. now owns 3,957 shares of the technology company’s stock worth $4,606,000 after purchasing an additional 18 shares during the period. 85.75% of the stock is currently owned by 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.