BidaskClub upgraded shares of Fair Isaac Corporation (NYSE:FICO) from a hold rating to a buy rating in a research report released on Tuesday.

Other analysts also recently issued research reports about the company. Wells Fargo & Co raised their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a positive rating in a report on Tuesday, August 1st. Zacks Investment Research raised Fair Isaac Corporation from a hold rating to a buy rating and set a $164.00 price target on the stock in a report on Monday.

Shares of Fair Isaac Corporation (NYSE FICO) traded up 0.81% during midday trading on Tuesday, reaching $146.42. The company’s stock had a trading volume of 66,441 shares. Fair Isaac Corporation has a 1-year low of $109.77 and a 1-year high of $149.00. The company’s 50-day moving average price is $141.43 and its 200 day moving average price is $137.69. The firm has a market capitalization of $4.48 billion, a PE ratio of 39.25 and a beta of 1.21.

Fair Isaac Corporation (NYSE:FICO) last released its earnings results on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm had revenue of $231.00 million for the quarter, compared to the consensus estimate of $237.07 million. During the same period in the prior year, the business earned $1.45 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that Fair Isaac Corporation will post $4.93 earnings per share for the current year.

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In related news, Director David A. Rey sold 7,340 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the sale, the director now owns 15,714 shares of the company’s stock, valued at approximately $2,203,888.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Rey sold 2,660 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the sale, the director now directly owns 11,034 shares in the company, valued at approximately $1,549,945.98. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakbrook Investments LLC lifted its holdings in shares of Fair Isaac Corporation by 1.1% in the 2nd quarter. Oakbrook Investments LLC now owns 2,275 shares of the technology company’s stock worth $317,000 after purchasing an additional 25 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Fair Isaac Corporation by 0.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,383 shares of the technology company’s stock worth $608,000 after purchasing an additional 31 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of Fair Isaac Corporation by 1.7% in the 2nd quarter. World Asset Management Inc now owns 1,955 shares of the technology company’s stock worth $273,000 after purchasing an additional 33 shares during the last quarter. 1st Global Advisors Inc. lifted its holdings in shares of Fair Isaac Corporation by 1.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 3,069 shares of the technology company’s stock worth $428,000 after purchasing an additional 40 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Fair Isaac Corporation by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,860 shares of the technology company’s stock worth $1,653,000 after purchasing an additional 58 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors and hedge funds.

About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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