Barclays Boosts Fair Isaac (FICO) Price Target to $300.00

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Fair Isaac (NYSE:FICO) had its price target upped by Barclays from $240.00 to $300.00 in a research note issued to investors on Monday, The Fly reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other brokerages have also recently commented on FICO. Zacks Investment Research upgraded shares of Fair Isaac from a hold rating to a buy rating and set a $237.00 price objective for the company in a research note on Friday, January 18th. ValuEngine upgraded shares of Fair Isaac from a buy rating to a strong-buy rating in a research note on Tuesday, January 22nd.

FICO stock opened at $257.81 on Monday. The company has a market capitalization of $7.49 billion, a P/E ratio of 59.40, a P/E/G ratio of 5.38 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.65. Fair Isaac has a 52 week low of $162.58 and a 52 week high of $261.08.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, January 30th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The company had revenue of $262.30 million during the quarter, compared to analysts’ expectations of $263.93 million. Fair Isaac had a net margin of 14.64% and a return on equity of 46.97%. Fair Isaac’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. As a group, equities research analysts forecast that Fair Isaac will post 4.62 EPS for the current fiscal year.

In other news, CAO Michael S. Leonard sold 2,000 shares of Fair Isaac stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $235.38, for a total transaction of $470,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,611 shares of the company’s stock, valued at approximately $2,497,617.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stuart Wells sold 10,000 shares of Fair Isaac stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $179.35, for a total transaction of $1,793,500.00. Following the transaction, the insider now directly owns 65,172 shares of the company’s stock, valued at $11,688,598.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,443 shares of company stock valued at $17,683,060. Company insiders own 6.10% of the company’s stock.

Several large investors have recently bought and sold shares of FICO. Macquarie Group Ltd. increased its holdings in Fair Isaac by 843.8% in the 4th quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock worth $28,000 after acquiring an additional 135 shares in the last quarter. IFP Advisors Inc increased its holdings in Fair Isaac by 40.2% in the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock worth $49,000 after acquiring an additional 76 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Fair Isaac in the 4th quarter worth $147,000. Raymond James Trust N.A. purchased a new stake in Fair Isaac in the 3rd quarter worth $212,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Fair Isaac in the 3rd quarter worth $212,000. 83.27% of the stock is owned by hedge funds and other institutional investors.

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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