Fair Isaac (NYSE:FICO) Earns Neutral Rating from Analysts at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Fair Isaac (NYSE:FICO) in a research note released on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $1,113.00 price target on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC lifted their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a buy rating in a report on Friday, January 26th. Royal Bank of Canada reissued a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Jefferies Financial Group boosted their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a report on Wednesday, January 17th. Barclays boosted their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Finally, Raymond James boosted their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an outperform rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $1,180.45.

Fair Isaac Stock Performance

Fair Isaac stock opened at $1,162.25 on Tuesday. The stock has a 50-day moving average of $1,253.88 and a two-hundred day moving average of $1,136.83. Fair Isaac has a one year low of $686.08 and a one year high of $1,349.75. The stock has a market cap of $28.88 billion, a PE ratio of 64.97, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, beating 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 company had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. As a group, sell-side analysts predict that Fair Isaac will post 19.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

Large investors have recently made changes to their positions in the company. Cornercap Investment Counsel Inc. purchased a new stake in Fair Isaac in the 4th quarter valued at $249,000. Patton Fund Management Inc. grew its holdings in Fair Isaac by 88.1% in the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after buying an additional 2,164 shares in the last quarter. SG Americas Securities LLC grew its holdings in Fair Isaac by 289.0% in the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after buying an additional 1,737 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Fair Isaac by 741.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after buying an additional 4,212 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Fair Isaac by 72.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock valued at $6,338,000 after buying an additional 2,280 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other 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.