Fair Isaac (NYSE:FICO) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Fair Isaac (NYSE:FICO) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $1,500.00 price objective on the technology company’s stock.

Other analysts have also issued research reports about the company. Redburn Atlantic initiated coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 price target for the company. 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. 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. Royal Bank of Canada reiterated a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Finally, Barclays boosted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $1,180.45.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,150.65 on Monday. Fair Isaac has a 1 year low of $708.00 and a 1 year high of $1,349.75. The business has a 50 day simple moving average of $1,247.01 and a two-hundred day simple moving average of $1,144.79. The firm has a market capitalization of $28.59 billion, a PE ratio of 64.32, a price-to-earnings-growth ratio of 2.50 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Equities research analysts expect that Fair Isaac will post 19.95 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction 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 $36,081,302.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 24,000 shares of company stock valued at $29,011,120. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of large investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Fair Isaac by 1.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock valued at $397,560,000 after buying an additional 4,584 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Fair Isaac by 112,366.2% during the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after buying an additional 398,900 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Fair Isaac by 39.6% during the third quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock valued at $318,633,000 after buying an additional 104,161 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Fair Isaac by 13.6% during the third quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after buying an additional 42,998 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Fair Isaac by 25.2% in the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock valued at $330,072,000 after purchasing an additional 57,010 shares during the last quarter. 85.75% of the stock is 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.