Fair Isaac Corp. (FICO) Rating Lowered to Equal Weight at Barclays PLC
Fair Isaac Corp. (NYSE:FICO) was downgraded by investment analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday. They currently have a $135.00 target price on the stock. Barclays PLC’s price target points to a potential upside of 4.19% from the stock’s previous close. The analysts noted that the move was a valuation call.
FICO has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Fair Isaac Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Dougherty & Co initiated coverage on shares of Fair Isaac Corp. in a research report on Wednesday, July 13th. They set a “buy” rating and a $135.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $119.00.
Fair Isaac Corp. (NYSE:FICO) opened at 129.57 on Wednesday. Fair Isaac Corp. has a 52-week low of $78.11 and a 52-week high of $132.95. The company’s 50-day moving average is $128.49 and its 200-day moving average is $114.31. The firm has a market capitalization of $4.00 billion, a PE ratio of 37.96 and a beta of 1.41.
Fair Isaac Corp. (NYSE:FICO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.72. Fair Isaac Corp. had a net margin of 12.60% and a return on equity of 30.09%. The business earned $238.78 million during the quarter, compared to the consensus estimate of $220.16 million. During the same quarter last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Analysts forecast that Fair Isaac Corp. will post $3.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.06%. Fair Isaac Corp.’s dividend payout ratio is presently 2.34%.
In other news, insider Wayne Elliot Huyard sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $128.90, for a total value of $644,500.00. Following the completion of the transaction, the insider now directly owns 11,171 shares in the company, valued at $1,439,941.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Lansing sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $113.15, for a total transaction of $792,050.00. Following the completion of the transaction, the chief executive officer now owns 183,495 shares of the company’s stock, valued at $20,762,459.25. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FICO. Nomura Holdings Inc. purchased a new position in Fair Isaac Corp. during the second quarter worth approximately $473,000. Mason Street Advisors LLC bought a new stake in shares of Fair Isaac Corp. during the second quarter worth $1,607,000. Schwab Charles Investment Management Inc. increased its stake in shares of Fair Isaac Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 146,185 shares of the company’s stock worth $16,521,000 after buying an additional 2,065 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Fair Isaac Corp. by 18.5% in the second quarter. Stifel Financial Corp now owns 7,005 shares of the company’s stock worth $792,000 after buying an additional 1,092 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Fair Isaac Corp. by 9.7% in the second quarter. Amalgamated Bank now owns 3,744 shares of the company’s stock worth $478,000 after buying an additional 332 shares in the last quarter. Institutional investors own 90.91% of the company’s stock.
Fair Isaac Corp. Company Profile
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