Fair Isaac (NYSE:FICO) Stock Price Up 7.9% – Here’s Why

Shares of Fair Isaac Corporation (NYSE:FICO) were up 7.9% on Tuesday . The company traded as high as $1,379.14 and last traded at $1,381.3790. Approximately 141,329 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 335,477 shares. The stock had previously closed at $1,280.57.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,750.00 price target on shares of Fair Isaac in a research note on Wednesday, April 29th. UBS Group lifted their price target on shares of Fair Isaac from $1,250.00 to $1,270.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Robert W. Baird set a $1,549.00 price objective on shares of Fair Isaac in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Fair Isaac from a “buy” rating to a “hold” rating in a research report on Sunday, June 28th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,627.93.

Fair Isaac Price Performance

The company has a 50 day moving average of $1,214.75 and a two-hundred day moving average of $1,240.96. The company has a market capitalization of $31.41 billion, a PE ratio of 42.93, a PEG ratio of 1.10 and a beta of 1.29.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bayban bought a new stake in Fair Isaac during the fourth quarter worth about $25,000. Physician Wealth Advisors Inc. increased its stake in shares of Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Torren Management LLC purchased a new position in shares of Fair Isaac during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its holdings in shares of Fair Isaac by 100.0% during the second quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after purchasing an additional 12 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth approximately $42,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.