Fair Isaac Co. (NYSE:FICO) Receives $579.50 Average PT from Brokerages

Shares of Fair Isaac Co. (NYSE:FICO) have earned an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $579.50.

Several equities research analysts have weighed in on FICO shares. The Goldman Sachs Group began coverage on Fair Isaac in a research report on Thursday, July 8th. They set a “buy” rating and a $577.00 price target on the stock. Zacks Investment Research cut Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 7th. Barclays upped their price objective on Fair Isaac from $570.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Royal Bank of Canada assumed coverage on shares of Fair Isaac in a report on Wednesday, July 7th. They set a “sector perform” rating and a $550.00 target price for the company. Finally, Needham & Company LLC increased their price target on shares of Fair Isaac from $565.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th.

In related news, CEO William J. Lansing sold 16,666 shares of the firm’s stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $450.16, for a total value of $7,502,366.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.27% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Delta Asset Management LLC TN acquired a new position in shares of Fair Isaac during the 2nd quarter worth approximately $25,000. Total Clarity Wealth Management Inc. acquired a new position in Fair Isaac during the first quarter worth $27,000. Bbva USA purchased a new stake in Fair Isaac in the 2nd quarter valued at $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter worth $53,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Fair Isaac by 25.7% during the 1st quarter. First Horizon Advisors Inc. now owns 127 shares of the technology company’s stock worth $61,000 after acquiring an additional 26 shares during the period. 85.62% of the stock is currently owned by institutional investors.

NYSE:FICO traded down $10.19 during midday trading on Friday, hitting $434.25. The company’s stock had a trading volume of 594,948 shares, compared to its average volume of 213,423. Fair Isaac has a fifty-two week low of $380.00 and a fifty-two week high of $553.97. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $12.50 billion, a P/E ratio of 35.05 and a beta of 1.22. The firm’s 50 day moving average is $481.91 and its 200-day moving average is $492.39.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Monday, August 2nd. The technology company reported $3.38 EPS for the quarter, beating the consensus estimate of $1.95 by $1.43. Fair Isaac had a net margin of 26.95% and a return on equity of 112.14%. The business had revenue of $338.18 million for the quarter, compared to the consensus estimate of $328.68 million. As a group, analysts forecast that Fair Isaac will post 9.02 EPS for the current year.

Fair Isaac Company Profile

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.

Further Reading: How is a management fee different from a performance fee?

Analyst Recommendations for Fair Isaac (NYSE:FICO)

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