Fair Isaac (FICO) Sets New 52-Week High on Analyst Upgrade

Fair Isaac Co. (NYSE:FICO) hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $240.00 to $300.00. Barclays currently has an overweight rating on the stock. Fair Isaac traded as high as $256.15 and last traded at $256.00, with a volume of 4992 shares trading hands. The stock had previously closed at $252.76.

Several other equities research analysts have also recently commented on FICO. Zacks Investment Research cut Fair Isaac from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine upgraded Fair Isaac from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd.

In related news, insider James M. Wehmann sold 7,996 shares of the company’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $185.43, for a total transaction of $1,482,698.28. Following the transaction, the insider now owns 115,384 shares of the company’s stock, valued at $21,395,655.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wayne Elliot Huyard sold 5,000 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $229.48, for a total value of $1,147,400.00. The disclosure for this sale can be found here. Insiders have sold 81,443 shares of company stock valued at $17,683,060 in the last 90 days. Company insiders own 6.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FICO. Macquarie Group Ltd. grew its holdings in Fair Isaac by 843.8% during the fourth quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock worth $28,000 after acquiring an additional 135 shares during the period. IFP Advisors Inc grew its holdings in Fair Isaac by 40.2% during the fourth quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock worth $49,000 after acquiring an additional 76 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Fair Isaac during the fourth quarter worth $147,000. Raymond James Trust N.A. acquired a new position in Fair Isaac during the third quarter worth $212,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Fair Isaac during the third quarter worth $212,000. 83.27% of the stock is currently owned by hedge funds and other institutional investors.

The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 59.40, a price-to-earnings-growth ratio of 5.38 and a beta of 1.36. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.87 and a quick ratio of 0.87.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.03. Fair Isaac had a return on equity of 46.97% and a net margin of 14.64%. The firm had revenue of $262.30 million for the quarter, compared to analyst estimates of $263.93 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. Fair Isaac’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts predict that Fair Isaac Co. will post 4.62 earnings per share for the current fiscal year.

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Fair Isaac Company Profile (NYSE:FICO)

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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