Fair Isaac Corporation (NYSE:FICO) Raised to “Buy” at BidaskClub

Fair Isaac Corporation (NYSE:FICO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, October 17th.

Several other research firms have also issued reports on FICO. Zacks Investment Research upgraded shares of Fair Isaac Corporation from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Monday, October 16th. Wells Fargo & Company boosted their target price on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, August 1st.

Fair Isaac Corporation (NYSE:FICO) opened at 147.03 on Tuesday. The firm has a market cap of $4.50 billion, a P/E ratio of 39.42 and a beta of 1.21. Fair Isaac Corporation has a 1-year low of $109.77 and a 1-year high of $149.00. The stock has a 50 day moving average price of $142.11 and a 200-day moving average price of $138.32.

Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The business had revenue of $231.00 million during the quarter, compared to the consensus estimate of $237.07 million. During the same period in the prior year, the firm earned $1.45 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts forecast that Fair Isaac Corporation will post $4.93 EPS for the current year.

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In other news, Director David A. Rey sold 7,340 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $140.25, for a total transaction of $1,029,435.00. Following the transaction, the director now owns 15,714 shares in the company, valued at $2,203,888.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Rey sold 2,660 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $140.47, for a total transaction of $373,650.20. Following the transaction, the director now owns 11,034 shares in the company, valued at approximately $1,549,945.98. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Fair Isaac Corporation by 23,429.3% during the first quarter. BlackRock Inc. now owns 3,195,752 shares of the technology company’s stock valued at $412,092,000 after purchasing an additional 3,182,170 shares during the period. Vanguard Group Inc. raised its holdings in shares of Fair Isaac Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 2,596,086 shares of the technology company’s stock valued at $361,920,000 after purchasing an additional 60,042 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in shares of Fair Isaac Corporation by 4.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock valued at $361,000,000 after purchasing an additional 117,514 shares during the period. State Street Corp raised its holdings in shares of Fair Isaac Corporation by 3.7% during the second quarter. State Street Corp now owns 1,030,356 shares of the technology company’s stock valued at $143,644,000 after purchasing an additional 37,156 shares during the period. Finally, Koch Industries Inc. raised its holdings in shares of Fair Isaac Corporation by 23,947.1% during the second quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock valued at $867,000 after purchasing an additional 869,998 shares during the period. Hedge funds and other institutional investors own 88.19% of the company’s stock.

About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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