Fair Isaac (NYSE:FICO) Hits New 12-Month High at $1,457.91

Fair Isaac Co. (NYSE:FICOGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $1,457.91 and last traded at $1,450.95, with a volume of 15216 shares changing hands. The stock had previously closed at $1,441.50.

Wall Street Analyst Weigh In

FICO has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. Raymond James raised their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Redburn Atlantic initiated coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,274.33.

View Our Latest Stock Report on FICO

Fair Isaac Stock Up 0.9 %

The firm has a market capitalization of $35.93 billion, a price-to-earnings ratio of 75.68, a PEG ratio of 3.87 and a beta of 1.31. The business’s 50-day simple moving average is $1,299.53 and its two-hundred day simple moving average is $1,253.93.

Fair Isaac (NYSE:FICOGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $0.20. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. The business had revenue of $433.81 million during the quarter, compared to analysts’ expectations of $425.94 million. Sell-side analysts anticipate that Fair Isaac Co. will post 19.75 earnings per share for the current year.

Insider Activity

In other news, EVP Mark R. Scadina sold 423 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the transaction, the chief executive officer now owns 12,638 shares in the company, valued at $14,414,270.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,014 shares of company stock valued at $31,012,918. 3.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FICO. Cornercap Investment Counsel Inc. purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $249,000. Patton Fund Management Inc. lifted its position in shares of Fair Isaac by 88.1% during the 4th quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after buying an additional 2,164 shares during the last quarter. Seven Eight Capital LP lifted its position in shares of Fair Isaac by 140.0% during the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after buying an additional 840 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Fair Isaac by 289.0% during the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock worth $2,721,000 after buying an additional 1,737 shares during the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new stake in shares of Fair Isaac during the 4th quarter worth approximately $6,251,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

About Fair Isaac

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.