Fair Isaac (NYSE:FICO) Now Covered by Wolfe Research

Stock analysts at Wolfe Research initiated coverage on shares of Fair Isaac (NYSE:FICO) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $1,725.00 price target on the technology company’s stock. Wolfe Research’s price target would indicate a potential upside of 12.44% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James lifted their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,319.40.

Fair Isaac Stock Down 2.2 %

Shares of FICO stock opened at $1,534.09 on Tuesday. The firm has a 50 day moving average price of $1,385.73 and a two-hundred day moving average price of $1,283.67. The company has a market capitalization of $37.91 billion, a PE ratio of 80.53, a price-to-earnings-growth ratio of 4.12 and a beta of 1.34. Fair Isaac has a 12-month low of $799.18 and a 12-month high of $1,575.01.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.20. The firm had revenue of $433.81 million during the quarter, compared to the consensus estimate of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. As a group, research analysts expect that Fair Isaac will post 19.75 EPS for the current year.

Insiders Place Their Bets

In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,014 shares of company stock valued at $31,012,918. 3.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in shares of Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Fair Isaac by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after purchasing an additional 10 shares during the period. Lincoln National Corp lifted its holdings in shares of Fair Isaac by 2.8% during the fourth quarter. Lincoln National Corp now owns 399 shares of the technology company’s stock worth $464,000 after purchasing an additional 11 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Fair Isaac by 25.0% in the second quarter. GAMMA Investing LLC now owns 55 shares of the technology company’s stock valued at $82,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.