Fair Isaac (NYSE:FICO) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Fair Isaac (NYSE:FICO) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Robert W. Baird raised their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday. Wells Fargo & Company increased their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,118.50.

Fair Isaac Price Performance

Shares of FICO stock traded down $2.71 on Monday, hitting $1,776.00. The stock had a trading volume of 34,481 shares, compared to its average volume of 276,793. The company’s 50 day moving average price is $1,686.47 and its 200-day moving average price is $1,631.65. Fair Isaac has a 1 year low of $1,300.00 and a 1 year high of $2,400.00. The firm has a market capitalization of $42.11 billion, a P/E ratio of 66.89, a P/E/G ratio of 1.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last released its earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share for the quarter, beating the consensus estimate of $7.36 by $0.38. The company had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.Fair Isaac’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.54 EPS. On average, equities analysts forecast that Fair Isaac will post 24.15 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 14,422 shares of company stock valued at $23,226,939 in the last 90 days. 3.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Hedge funds have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new stake in shares of Fair Isaac during the 2nd quarter worth approximately $26,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac during the 1st quarter worth $28,000. ORG Partners LLC purchased a new stake in Fair Isaac in the second quarter valued at $27,000. Hilltop National Bank acquired a new position in Fair Isaac in the second quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Fair Isaac during the second quarter worth about $31,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Company Profile

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.