Fair Isaac (NYSE:FICO) Now Covered by Analysts at UBS Group

UBS Group began coverage on shares of Fair Isaac (NYSE:FICO) in a research note published on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $2,100.00 price objective on the technology company’s stock.

A number of other research analysts have also issued reports on FICO. Barclays boosted their price target on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an overweight rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a sector perform rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a neutral rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised Fair Isaac to a strong-buy rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $1,705.17.

Fair Isaac Price Performance

NYSE:FICO opened at $1,912.65 on Tuesday. Fair Isaac has a 12-month low of $811.99 and a 12-month high of $1,962.96. The firm has a market capitalization of $47.26 billion, a P/E ratio of 100.40, a P/E/G ratio of 4.69 and a beta of 1.34. The business has a 50 day simple moving average of $1,759.99 and a 200 day simple moving average of $1,489.11.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The business had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Research analysts anticipate that Fair Isaac will post 19.19 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 over the last three months. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commerce Bank grew its stake in Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after purchasing an additional 5,328 shares in the last quarter. Seven Eight Capital LP grew its stake in Fair Isaac by 140.0% in the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after purchasing an additional 840 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Fair Isaac by 44.5% in the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after purchasing an additional 9,094 shares in the last quarter. Vanguard Group Inc. grew its stake in Fair Isaac by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

About Fair Isaac

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.