Fair Isaac (NYSE:FICO) had its price objective hoisted by Barclays from $240.00 to $300.00 in a research note released on Monday, The Fly reports. Barclays currently has an overweight rating on the technology company’s stock.

Several other brokerages have also recently weighed in on FICO. Zacks Investment Research raised Fair Isaac from a hold rating to a buy rating and set a $237.00 price objective for the company in a report on Friday, January 18th. ValuEngine raised Fair Isaac from a buy rating to a strong-buy rating in a report on Tuesday, January 22nd.

NYSE:FICO opened at $261.24 on Monday. The company has a market cap of $7.49 billion, a P/E ratio of 60.19, a PEG ratio of 5.56 and a beta of 1.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.65. Fair Isaac has a 1-year low of $162.58 and a 1-year high of $261.45.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.03. The firm had revenue of $262.30 million during the quarter, compared to analysts’ expectations of $263.93 million. Fair Isaac had a return on equity of 46.97% and a net margin of 14.64%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. As a group, equities research analysts forecast that Fair Isaac will post 4.62 earnings per share for the current year.

In other news, CFO Michael J. Pung sold 7,504 shares of Fair Isaac stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $252.53, for a total value of $1,894,985.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michael S. Leonard sold 2,000 shares of Fair Isaac stock in a transaction on Friday, February 8th. The shares were sold at an average price of $235.38, for a total value of $470,760.00. Following the completion of the transaction, the chief accounting officer now owns 10,611 shares in the company, valued at approximately $2,497,617.18. The disclosure for this sale can be found here. Insiders sold a total of 81,443 shares of company stock valued at $17,683,060 over the last ninety days. Insiders own 6.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in Fair Isaac during the 4th quarter worth $62,724,000. BlackRock Inc. grew its position in Fair Isaac by 8.6% during the 4th quarter. BlackRock Inc. now owns 2,929,507 shares of the technology company’s stock worth $547,820,000 after acquiring an additional 232,405 shares during the last quarter. Broad Bay Capital Management LP bought a new stake in Fair Isaac during the 4th quarter worth $28,050,000. Schroder Investment Management Group grew its position in Fair Isaac by 2,520.7% during the 3rd quarter. Schroder Investment Management Group now owns 154,624 shares of the technology company’s stock worth $35,339,000 after acquiring an additional 148,724 shares during the last quarter. Finally, AKO Capital LLP grew its position in Fair Isaac by 39.0% during the 4th quarter. AKO Capital LLP now owns 528,775 shares of the technology company’s stock worth $98,881,000 after acquiring an additional 148,234 shares during the last quarter. Institutional investors own 82.66% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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