Fair Isaac (NYSE:FICO) Stock Rating Reaffirmed by Needham & Company LLC

Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $1,500.00 price target on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 26.22% from the company’s current price.

Several other equities analysts have also commented on the stock. Raymond James upped their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays increased their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Jefferies Financial Group lifted their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,180.45.

Fair Isaac Stock Up 3.3 %

Shares of NYSE:FICO opened at $1,188.40 on Monday. The company has a market cap of $29.53 billion, a P/E ratio of 66.43, a P/E/G ratio of 2.50 and a beta of 1.21. The business has a fifty day simple moving average of $1,245.39 and a 200-day simple moving average of $1,147.01. Fair Isaac has a 52 week low of $708.00 and a 52 week high of $1,349.75.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Sell-side analysts expect that Fair Isaac will post 19.95 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position 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 purchasing an additional 9 shares in the last quarter. Panagora Asset Management Inc. boosted 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 valued at $1,419,000 after acquiring an additional 10 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings 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 acquiring an additional 10 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Fair Isaac by 0.3% in 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 during the last quarter. Finally, KB Financial Partners LLC raised its stake in shares of Fair Isaac by 26.2% in the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after purchasing an additional 11 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.