Fair Isaac (NYSE:FICO) Upgraded to Hold at Zacks Research

Fair Isaac (NYSE:FICO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Other research analysts have also issued reports about the company. Wells Fargo & Company lowered their target price on Fair Isaac from $735.00 to $650.00 and set an “equal weight” rating for the company in a research report on Thursday, November 5th. Weiss Ratings lowered Fair Isaac from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Barclays reduced their price target on Fair Isaac from $875.00 to $800.00 and set an “overweight” rating on the stock in a research report on Thursday, November 5th. Citigroup reissued a “neutral” rating on shares of Fair Isaac in a research note on Tuesday, October 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Fair Isaac from $900.00 to $800.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $917.44.

Fair Isaac Stock Up 0.3%

Shares of FICO stock traded up $2.12 during trading hours on Thursday, hitting $719.50. 502,183 shares of the company’s stock traded hands, compared to its average volume of 796,096. The stock’s 50 day simple moving average is $787.56 and its 200 day simple moving average is $1,086.55. The stock has a market cap of $15.38 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. Fair Isaac has a 12 month low of $586.05 and a 12 month high of $1,858.91.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $11.10 EPS for the quarter, topping analysts’ consensus estimates of $10.69 by $0.41. Fair Isaac had a net margin of 32.94% and a negative return on equity of 28.19%. The company had revenue of $657.05 million for the quarter, compared to analyst estimates of $651.73 million. During the same quarter in the previous year, the business earned $7.74 earnings per share. Fair Isaac’s revenue was up 27.4% compared to the same quarter last year. As a group, equities research analysts expect that Fair Isaac will post 40.32 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In other news, CEO William Lansing sold 250 shares of the stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $735.00, for a total transaction of $183,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 20,715 shares of company stock valued at $14,986,239. Corporate insiders own 3.02% of the company’s stock.

Institutional Trading of Fair Isaac

A number of institutional investors have recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in Fair Isaac by 1,123.8% during the 3rd quarter. Marshall Wace LLP now owns 20,449 shares of the technology company’s stock worth $12,115,000 after acquiring an additional 18,778 shares during the period. Headlands Technologies LLC bought a new position in shares of Fair Isaac in the 3rd quarter worth about $641,000. Roberts Glore & Co. Inc. IL raised its position in shares of Fair Isaac by 13.5% in the 3rd quarter. Roberts Glore & Co. Inc. IL now owns 455 shares of the technology company’s stock worth $269,000 after acquiring an additional 54 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Fair Isaac by 4.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,121 shares of the technology company’s stock valued at $12,514,000 after purchasing an additional 857 shares during the period. Finally, AlphaGrep UK Ltd lifted its stake in shares of Fair Isaac by 705.7% in the 3rd quarter. AlphaGrep UK Ltd now owns 1,418 shares of the technology company’s stock valued at $840,000 after purchasing an additional 1,242 shares during the period. Institutional investors own 85.75% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.