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.
A number of equities analysts have weighed in on the company. Royal Bank of Canada started coverage on Fair Isaac in a research note on Wednesday, July 7th. They set a “sector perform” rating and a $550.00 price objective for the company. Zacks Investment Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 7th. The Goldman Sachs Group assumed coverage on shares of Fair Isaac in a research note on Thursday, July 8th. They issued a “buy” rating and a $577.00 target price for the company. Needham & Company LLC raised their price target on shares of Fair Isaac from $565.00 to $630.00 and gave the company a “buy” rating in a research report on Wednesday, August 4th. Finally, Barclays upped their price objective on shares of Fair Isaac from $570.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th.
In related news, CEO William J. Lansing sold 16,666 shares of the firm’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $518.07, for a total value of $8,634,154.62. Following the transaction, the chief executive officer now directly owns 144,130 shares of the company’s stock, valued at approximately $74,669,429.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is owned by company insiders.
FICO traded down $10.19 during trading on Friday, reaching $434.25. 594,948 shares of the company’s stock were exchanged, compared to its average volume of 213,423. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.02 and a quick ratio of 1.02. Fair Isaac has a 1 year low of $380.00 and a 1 year high of $553.97. The company’s fifty day simple moving average is $481.91 and its 200-day simple moving average is $492.39. The stock has a market capitalization of $12.50 billion, a P/E ratio of 35.05 and a beta of 1.22.
Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Monday, August 2nd. The technology company reported $3.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $1.43. The firm had revenue of $338.18 million for the quarter, compared to analyst estimates of $328.68 million. Fair Isaac had a net margin of 26.95% and a return on equity of 112.14%. Equities 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?
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