Zacks Investment Research Upgrades Fair Isaac (NYSE:FICO) to Buy


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Fair Isaac (NYSE:FICO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The brokerage presently has a $555.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.51% from the stock’s previous close.

According to Zacks, “Fair Isaac Corporation makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. “

Several other brokerages also recently commented on FICO. Jefferies Financial Group raised their price objective on shares of Fair Isaac from $475.00 to $490.00 and gave the stock a “hold” rating in a research report on Monday. Needham & Company LLC raised their price target on shares of Fair Isaac from $525.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, November 11th. BidaskClub downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Thursday, December 31st. Finally, Barclays increased their price objective on shares of Fair Isaac from $475.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Fair Isaac presently has a consensus rating of “Buy” and a consensus price target of $502.14.

Shares of FICO opened at $488.96 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.23. The firm’s fifty day simple moving average is $502.72 and its two-hundred day simple moving average is $448.32. Fair Isaac has a 12 month low of $177.65 and a 12 month high of $530.95. The stock has a market capitalization of $14.23 billion, a P/E ratio of 61.97 and a beta of 1.18.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, November 10th. The technology company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.93. Fair Isaac had a return on equity of 98.78% and a net margin of 18.26%. The company had revenue of $374.40 million for the quarter, compared to the consensus estimate of $316.40 million. During the same period in the previous year, the business earned $2.01 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. As a group, research analysts predict that Fair Isaac will post 7.26 EPS for the current fiscal year.

In related news, CAO Michael S. Leonard sold 519 shares of the stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $507.42, for a total value of $263,350.98. Following the completion of the sale, the chief accounting officer now directly owns 8,846 shares of the company’s stock, valued at approximately $4,488,637.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael S. Leonard sold 310 shares of the firm’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $519.84, for a total value of $161,150.40. Following the transaction, the chief accounting officer now owns 7,709 shares in the company, valued at $4,007,446.56. The disclosure for this sale can be found here. Insiders own 3.81% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Braun Bostich & Associates Inc. bought a new position in shares of Fair Isaac during the third quarter valued at about $27,000. Norway Savings Bank purchased a new stake in Fair Isaac in the 3rd quarter valued at about $32,000. First Horizon Advisors Inc. lifted its position in shares of Fair Isaac by 196.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 77 shares of the technology company’s stock worth $31,000 after buying an additional 51 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Fair Isaac in the 2nd quarter worth approximately $35,000. Finally, Canton Hathaway LLC bought a new position in shares of Fair Isaac in the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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