Fair Isaac (NYSE:FICO) Coverage Initiated at Robert W. Baird

Investment analysts at Robert W. Baird assumed coverage on shares of Fair Isaac (NYSE:FICO) in a note issued to investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the technology company’s stock.

Several other research analysts have also commented on FICO. ValuEngine lowered Fair Isaac from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Co raised their price objective on shares of Fair Isaac from $310.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $342.67.

FICO traded up $1.35 on Monday, hitting $310.57. The company had a trading volume of 120,990 shares, compared to its average volume of 230,101. The company has a market cap of $8.83 billion, a PE ratio of 71.56 and a beta of 1.17. Fair Isaac has a 12-month low of $170.26 and a 12-month high of $373.24. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. The business’s fifty day simple moving average is $326.62 and its 200 day simple moving average is $312.86.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $1.24. The company had revenue of $314.20 million during the quarter, compared to analyst estimates of $292.88 million. Fair Isaac had a return on equity of 63.47% and a net margin of 16.57%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. On average, analysts anticipate that Fair Isaac will post 5.9 earnings per share for the current fiscal year.

In other Fair Isaac news, insider William J. Lansing sold 16,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $340.23, for a total value of $5,443,680.00. Following the completion of the sale, the insider now owns 282,557 shares of the company’s stock, valued at $96,134,368.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Michael S. Leonard sold 1,038 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $347.67, for a total transaction of $360,881.46. Following the completion of the sale, the chief accounting officer now directly owns 7,579 shares of the company’s stock, valued at approximately $2,634,990.93. The disclosure for this sale can be found here. In the last three months, insiders sold 128,888 shares of company stock valued at $44,880,676. 6.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Fair Isaac by 135.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 73,266 shares of the technology company’s stock valued at $19,902,000 after acquiring an additional 42,125 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Fair Isaac by 0.4% during the first quarter. MetLife Investment Advisors LLC now owns 17,722 shares of the technology company’s stock valued at $4,814,000 after acquiring an additional 67 shares in the last quarter. Cleararc Capital Inc. bought a new stake in shares of Fair Isaac during the first quarter valued at approximately $203,000. FMR LLC raised its stake in shares of Fair Isaac by 3,261.9% during the first quarter. FMR LLC now owns 26,525 shares of the technology company’s stock valued at $7,205,000 after acquiring an additional 25,736 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Fair Isaac by 3,354.7% during the second quarter. WINTON GROUP Ltd now owns 82,290 shares of the technology company’s stock valued at $25,841,000 after acquiring an additional 79,908 shares in the last quarter. 82.52% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

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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