Fair Isaac (NYSE:FICO) Shares Gap Down to $1,193.66

Fair Isaac Co. (NYSE:FICO)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $1,193.66, but opened at $1,136.83. Fair Isaac shares last traded at $1,143.31, with a volume of 67,656 shares changing hands.

Analyst Upgrades and Downgrades

FICO has been the topic of several recent analyst reports. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research note on Monday. Barclays boosted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,182.09.

Fair Isaac Trading Down 6.9 %

The stock has a market capitalization of $27.60 billion, a P/E ratio of 62.09, a PEG ratio of 2.64 and a beta of 1.21. The company has a fifty day simple moving average of $1,241.19 and a two-hundred day simple moving average of $1,147.65.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. As a group, analysts forecast that Fair Isaac Co. will post 19.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently owned by insiders.

Institutional Trading of Fair Isaac

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in shares of Fair Isaac by 28.1% in the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after acquiring an additional 9 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Fair Isaac by 0.8% during the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in Fair Isaac by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after purchasing an additional 10 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in Fair Isaac by 0.3% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock worth $2,963,000 after purchasing an additional 11 shares in the last quarter. Finally, KB Financial Partners LLC increased its stake in Fair Isaac by 26.2% during the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after purchasing an additional 11 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.