Redburn Atlantic Initiates Coverage on Fair Isaac (NYSE:FICO)

Equities research analysts at Redburn Atlantic started coverage on shares of Fair Isaac (NYSE:FICO) in a report issued on Tuesday, Marketbeat reports. The firm set a “neutral” rating and a $1,113.00 price target on the technology company’s stock. Redburn Atlantic’s price target suggests a potential downside of 3.57% from the stock’s previous close.

FICO has been the topic of a number of other research reports. Jefferies Financial Group raised their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Raymond James raised their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Needham & Company LLC raised their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,180.45.

Fair Isaac Trading Up 0.1 %

Shares of NYSE FICO opened at $1,154.25 on Tuesday. The firm has a market cap of $28.68 billion, a P/E ratio of 64.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21. Fair Isaac has a 1-year low of $686.08 and a 1-year high of $1,349.75. The business’s 50 day moving average is $1,257.07 and its 200-day moving average is $1,136.65.

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

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently modified their holdings of FICO. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fair Isaac by 208.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company’s stock valued at $799,543,000 after acquiring an additional 463,988 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Fair Isaac by 112,366.2% during the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after buying an additional 398,900 shares during the period. Norges Bank acquired a new position in Fair Isaac during the 4th quarter worth about $259,509,000. Geode Capital Management LLC lifted its holdings in Fair Isaac by 48.9% during the 1st quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after buying an additional 189,562 shares during the period. Finally, State Street Corp lifted its holdings in Fair Isaac by 20.3% during the 1st quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after buying an additional 168,468 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.