Fair Isaac (NYSE:FICO) Rating Increased to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Fair Isaac (NYSE:FICO) from a sector perform rating to an outperform rating in a research report report published on Wednesday, MarketBeat Ratings reports. Royal Bank of Canada currently has $2,170.00 price target on the technology company’s stock, up from their prior price target of $2,040.00.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target on the stock. UBS Group decreased their target price 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. Barclays boosted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird decreased their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their target price on 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Up 2.8 %

Shares of NYSE:FICO opened at $1,867.49 on Wednesday. The company’s 50-day moving average price is $1,900.41 and its 200 day moving average price is $1,976.50. The company has a market cap of $45.60 billion, a PE ratio of 85.70, a P/E/G ratio of 3.27 and a beta of 1.39. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

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

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the transaction, the executive vice president now directly owns 45,395 shares in the company, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,170 shares of company stock valued at $27,132,248. Corporate insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors have recently made changes to their positions in FICO. Norges Bank bought a new position in Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC lifted its holdings in Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after purchasing an additional 144,266 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Fair Isaac during the fourth quarter valued at approximately $261,610,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock worth $321,790,000 after buying an additional 127,679 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fair Isaac in the 4th quarter valued at $199,441,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

About Fair Isaac

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.