Fair Isaac (NYSE:FICO) Raised to “Outperform” at Royal Bank of Canada

Fair Isaac (NYSE:FICO) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $2,170.00 price target on the technology company’s stock, up from their previous price target of $2,040.00. Royal Bank of Canada’s price objective would suggest a potential upside of 18.27% from the stock’s previous close.

FICO has been the subject of a number of other reports. Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their price target on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group reduced their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,834.84 on Wednesday. The firm has a market cap of $44.80 billion, a P/E ratio of 84.21, a P/E/G ratio of 3.27 and a beta of 1.39. The stock’s 50 day moving average is $1,896.21 and its 200 day moving average is $1,975.52. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Equities analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,170 shares of company stock worth $27,132,248. 3.46% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. First National Bank of Omaha purchased a new position in Fair Isaac during the 3rd quarter valued at about $1,576,000. National Bank of Canada FI boosted its position in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after acquiring an additional 6,768 shares during the period. Donoghue Forlines LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $1,935,000. BNP Paribas purchased a new position in Fair Isaac during the third quarter valued at approximately $445,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after acquiring an additional 352 shares during the period. 85.75% of the stock is currently owned by 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.