Fair Isaac (NYSE:FICO) Coverage Initiated at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Fair Isaac (NYSE:FICO) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $1,113.00 price target on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group raised their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Royal Bank of Canada restated a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James raised their price target on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Needham & Company LLC lifted their target price on Fair Isaac from $1,100.00 to $1,500.00 and gave the company a buy rating in a research report on Friday, January 26th. Finally, Barclays lifted their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $1,180.45.

Fair Isaac Stock Performance

FICO opened at $1,130.06 on Tuesday. Fair Isaac has a fifty-two week low of $692.87 and a fifty-two week high of $1,349.75. The company has a market capitalization of $28.08 billion, a P/E ratio of 63.17, a P/E/G ratio of 2.55 and a beta of 1.21. The stock has a fifty day moving average of $1,250.01 and a 200-day moving average of $1,138.67.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The company had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. On average, equities research analysts predict that Fair Isaac will post 19.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently made changes to their positions in FICO. State Street Corp lifted its stake in shares of Fair Isaac by 20.3% in the first quarter. State Street Corp now owns 996,863 shares of the technology company’s stock worth $700,484,000 after acquiring an additional 168,468 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Fair Isaac by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,015 shares of the technology company’s stock worth $556,090,000 after acquiring an additional 5,225 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Fair Isaac by 208.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 686,886 shares of the technology company’s stock worth $799,543,000 after acquiring an additional 463,988 shares during the period. Geode Capital Management LLC lifted its stake in shares of Fair Isaac by 48.9% in the first quarter. Geode Capital Management LLC now owns 577,240 shares of the technology company’s stock worth $405,140,000 after acquiring an additional 189,562 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Fair Isaac by 1.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 457,738 shares of the technology company’s stock worth $397,560,000 after acquiring an additional 4,584 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

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.