Fair Isaac (NYSE:FICO) had its target price lifted by Wells Fargo & Co from $400.00 to $475.00 in a report released on Friday morning, The Fly reports. Wells Fargo & Co currently has an overweight rating on the technology company’s stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently weighed in on FICO. Needham & Company LLC reaffirmed a buy rating and set a $425.00 price target on shares of Fair Isaac in a research note on Friday, May 22nd. Zacks Investment Research raised Fair Isaac from a strong sell rating to a hold rating in a research note on Tuesday, June 30th. ValuEngine raised Fair Isaac from a sell rating to a hold rating in a research note on Tuesday, March 17th. Barclays raised their price target on Fair Isaac from $340.00 to $475.00 in a research note on Wednesday, June 10th. Finally, Stephens raised Fair Isaac from an equal weight rating to an overweight rating and cut their price objective for the company from $421.00 to $319.00 in a research note on Thursday, March 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $392.43.
Shares of NYSE FICO opened at $412.17 on Friday. Fair Isaac has a one year low of $177.65 and a one year high of $436.69. The business has a 50-day moving average price of $411.46 and a two-hundred day moving average price of $369.77. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 3.81. The firm has a market capitalization of $11.95 billion, a PE ratio of 53.67 and a beta of 1.20.
Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.38. Fair Isaac had a return on equity of 89.98% and a net margin of 18.92%. The company had revenue of $307.97 million during the quarter, compared to the consensus estimate of $298.27 million. During the same period last year, the business earned $1.56 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts anticipate that Fair Isaac will post 4.93 EPS for the current year.
In other Fair Isaac news, CAO Michael S. Leonard sold 500 shares of Fair Isaac stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $385.46, for a total value of $192,730.00. Following the transaction, the chief accounting officer now directly owns 8,018 shares of the company’s stock, valued at approximately $3,090,618.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Rey sold 10,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $421.43, for a total value of $4,214,300.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $4,214,300. The disclosure for this sale can be found here. Insiders sold a total of 26,709 shares of company stock worth $10,623,075 over the last three months. 3.81% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY bought a new position in Fair Isaac in the 4th quarter worth approximately $33,000. Archer Investment Corp bought a new position in Fair Isaac in the 4th quarter worth approximately $33,000. Ellevest Inc. increased its position in Fair Isaac by 44.2% in the 1st quarter. Ellevest Inc. now owns 124 shares of the technology company’s stock worth $38,000 after buying an additional 38 shares during the period. Asset Management One Co. Ltd. bought a new position in Fair Isaac in the 1st quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC bought a new position in Fair Isaac in the 1st quarter worth approximately $60,000. 85.80% of the stock is currently owned by institutional investors.
About Fair Isaac
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
Featured Story: Determine Your Level of Risk Tolerance
Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.