Fair Isaac (NYSE:FICO) Price Target Raised to $352.00

Fair Isaac (NYSE:FICO) had its price objective increased by Stephens from $336.00 to $352.00 in a research report released on Tuesday, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Fair Isaac from a buy rating to a hold rating in a research note on Wednesday, October 2nd. William Blair reaffirmed an outperform rating on shares of Fair Isaac in a research note on Tuesday. Robert W. Baird initiated coverage on shares of Fair Isaac in a research note on Monday, October 14th. They set an outperform rating and a $352.00 price target for the company. Zacks Investment Research downgraded shares of Fair Isaac from a hold rating to a sell rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Co raised their price target on shares of Fair Isaac from $310.00 to $415.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $357.40.

Shares of NYSE:FICO opened at $331.59 on Tuesday. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 52.30 and a beta of 1.15. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.93 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $307.17 and a 200 day simple moving average of $317.54. Fair Isaac has a one year low of $170.26 and a one year high of $373.24.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Monday, November 4th. The technology company reported $2.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.33. The firm had revenue of $305.30 million during the quarter, compared to the consensus estimate of $287.06 million. Fair Isaac had a net margin of 16.56% and a return on equity of 66.75%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, analysts expect that Fair Isaac will post 6.75 EPS for the current year.

In related news, Director Braden R. Kelly sold 15,000 shares of Fair Isaac stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $352.92, for a total transaction of $5,293,800.00. Following the completion of the transaction, the director now owns 17,287 shares of the company’s stock, valued at $6,100,928.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 16,000 shares of Fair Isaac stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $331.03, for a total transaction of $5,296,480.00. Following the transaction, the chief executive officer now directly owns 180,345 shares of the company’s stock, valued at approximately $59,699,605.35. The disclosure for this sale can be found here. Insiders have sold 109,642 shares of company stock valued at $37,758,966 in the last ninety days. Insiders own 6.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. FMR LLC raised its stake in Fair Isaac by 3,261.9% during the first quarter. FMR LLC now owns 26,525 shares of the technology company’s stock worth $7,205,000 after buying an additional 25,736 shares during the last quarter. WINTON GROUP Ltd raised its stake in Fair Isaac by 3,354.7% during the second quarter. WINTON GROUP Ltd now owns 82,290 shares of the technology company’s stock worth $25,841,000 after buying an additional 79,908 shares during the last quarter. Empowered Funds LLC bought a new position in Fair Isaac during the second quarter worth $1,184,000. Hexavest Inc. bought a new position in Fair Isaac during the second quarter worth $323,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Fair Isaac during the second quarter worth $295,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

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.

Recommended Story: Why Invest in Dividend Achievers?

Analyst Recommendations for Fair Isaac (NYSE:FICO)

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.