Fair Isaac Corporation (NYSE:FICO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, October 16th. The firm currently has a $164.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.54% 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. “
FICO has been the subject of a number of other reports. BidaskClub raised Fair Isaac Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Wells Fargo & Company boosted their target price on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, August 1st.
Shares of Fair Isaac Corporation (NYSE FICO) traded down 0.14% during trading on Monday, reaching $147.03. The company’s stock had a trading volume of 166,433 shares. Fair Isaac Corporation has a 52-week low of $109.77 and a 52-week high of $149.00. The firm’s 50-day moving average is $142.11 and its 200 day moving average is $138.32. The company has a market cap of $4.50 billion, a PE ratio of 39.42 and a beta of 1.21.
Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $231.00 million for the quarter, compared to analyst estimates of $237.07 million. During the same period last year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts predict that Fair Isaac Corporation will post $4.93 EPS for the current fiscal year.
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In other Fair Isaac Corporation news, Director David A. Rey sold 7,340 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the transaction, the director now directly owns 15,714 shares of the company’s stock, valued at $2,203,888.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Rey sold 2,660 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the sale, the director now owns 11,034 shares in the company, valued at $1,549,945.98. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new stake in shares of Fair Isaac Corporation in the third quarter valued at about $496,000. First Quadrant L P CA bought a new stake in shares of Fair Isaac Corporation in the third quarter valued at about $242,000. Aperio Group LLC lifted its holdings in shares of Fair Isaac Corporation by 18.7% in the third quarter. Aperio Group LLC now owns 11,490 shares of the technology company’s stock valued at $1,614,000 after purchasing an additional 1,810 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Fair Isaac Corporation by 106.4% in the third quarter. First Trust Advisors LP now owns 16,120 shares of the technology company’s stock valued at $2,265,000 after purchasing an additional 8,311 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Fair Isaac Corporation by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 235,000 shares of the technology company’s stock valued at $33,018,000 after purchasing an additional 14,300 shares in the last quarter. Institutional investors own 88.19% of the company’s stock.
Fair Isaac Corporation Company Profile
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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