Fair Isaac (FICO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Fair Isaac (NYSE:FICO) from a hold rating to a sell rating in a research note released on Tuesday morning.

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 research analysts have also recently weighed in on FICO. ValuEngine cut shares of Fair Isaac from a strong-buy rating to a buy rating in a report on Friday, November 2nd. Wells Fargo & Co set a $250.00 target price on shares of Fair Isaac and gave the stock a buy rating in a research report on Sunday. Finally, Barclays upped their target price on shares of Fair Isaac from $190.00 to $200.00 and gave the stock an equal weight rating in a research report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $208.50.

Fair Isaac stock opened at $190.46 on Tuesday. The firm has a market capitalization of $5.54 billion, a PE ratio of 40.01, a PEG ratio of 3.33 and a beta of 1.43. Fair Isaac has a fifty-two week low of $150.56 and a fifty-two week high of $241.10. The company has a current ratio of 0.80, a quick ratio of 0.84 and a debt-to-equity ratio of 2.01.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.13). The firm had revenue of $279.80 million during the quarter, compared to the consensus estimate of $272.70 million. Fair Isaac had a return on equity of 45.11% and a net margin of 13.79%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. As a group, sell-side analysts anticipate that Fair Isaac will post 4.89 earnings per share for the current year.

In related news, insider James M. Wehmann sold 9,503 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $197.70, for a total value of $1,878,743.10. Following the completion of the transaction, the insider now directly owns 99,229 shares in the company, valued at $19,617,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Lansing sold 12,000 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $212.60, for a total transaction of $2,551,200.00. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock valued at $25,897,420 over the last quarter. 5.80% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in Fair Isaac by 199.2% in the third quarter. Commonwealth Equity Services LLC now owns 3,172 shares of the technology company’s stock worth $725,000 after acquiring an additional 2,112 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Fair Isaac by 221.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 78,761 shares of the technology company’s stock worth $18,001,000 after acquiring an additional 54,294 shares in the last quarter. WINTON GROUP Ltd grew its position in Fair Isaac by 862.7% in the third quarter. WINTON GROUP Ltd now owns 44,976 shares of the technology company’s stock worth $10,279,000 after acquiring an additional 40,304 shares in the last quarter. American Century Companies Inc. boosted its position in Fair Isaac by 6.6% during the third quarter. American Century Companies Inc. now owns 63,090 shares of the technology company’s stock valued at $14,419,000 after buying an additional 3,915 shares during the period. Finally, Chicago Capital LLC boosted its position in Fair Isaac by 7.2% during the third quarter. Chicago Capital LLC now owns 128,207 shares of the technology company’s stock valued at $29,302,000 after buying an additional 8,665 shares during the period. Institutional investors own 84.39% of the company’s stock.

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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