ValuEngine Lowers Fair Isaac (FICO) to Buy

ValuEngine lowered shares of Fair Isaac (NYSE:FICO) from a strong-buy rating to a buy rating in a research report released on Friday morning.

Other analysts have also recently issued research reports about the company. Barclays boosted their price target on Fair Isaac from $190.00 to $200.00 and gave the stock an equal weight rating in a research report on Thursday, July 12th. Zacks Investment Research cut Fair Isaac from a strong-buy rating to a hold rating in a research report on Tuesday, September 25th. Finally, Wells Fargo & Co boosted their price target on Fair Isaac from $200.00 to $250.00 and gave the stock an outperform rating in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $208.50.

FICO opened at $192.15 on Friday. The firm has a market cap of $5.54 billion, a P/E ratio of 44.27, a PEG ratio of 3.33 and a beta of 1.43. Fair Isaac has a 1 year low of $150.50 and a 1 year high of $241.10. The company has a quick ratio of 0.84, a current ratio of 0.80 and a debt-to-equity ratio of 2.01.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). The firm had revenue of $279.80 million for the quarter, compared to analyst estimates of $272.70 million. Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. Fair Isaac’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. As a group, analysts predict that Fair Isaac will post 5.7 earnings per share for the current year.

In other Fair Isaac news, Director David A. Rey sold 7,374 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $215.38, for a total value of $1,588,212.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James M. Wehmann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $235.63, for a total value of $4,712,600.00. Following the completion of the sale, the insider now directly owns 109,726 shares of the company’s stock, valued at approximately $25,854,737.38. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock valued at $25,897,420 in the last ninety days. Insiders own 5.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in shares of Fair Isaac by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 20,717 shares of the technology company’s stock worth $4,005,000 after purchasing an additional 334 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $1,295,000. Morgan Stanley lifted its position in shares of Fair Isaac by 4.2% during the 2nd quarter. Morgan Stanley now owns 203,426 shares of the technology company’s stock worth $39,326,000 after purchasing an additional 8,254 shares during the last quarter. Prana Capital Management LP acquired a new position in shares of Fair Isaac during the 2nd quarter worth about $9,107,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Fair Isaac by 340.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 35,347 shares of the technology company’s stock worth $8,079,000 after purchasing an additional 27,316 shares during the last quarter. 84.39% of the stock is owned by institutional investors and hedge funds.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. 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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