Jefferies Financial Group Initiates Coverage on Fair Isaac (NYSE:FICO)

Jefferies Financial Group assumed coverage on shares of Fair Isaac (NYSE:FICO) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “hold” rating on the technology company’s stock.

Several other research analysts also recently commented on the company. William Blair reissued an “outperform” rating on shares of Fair Isaac in a research note on Tuesday, November 5th. Robert W. Baird assumed coverage on shares of Fair Isaac in a report on Monday, October 14th. They issued an “outperform” rating and a $352.00 target price for the company. ValuEngine downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Fair Isaac from a “strong sell” rating to a “buy” rating and set a $368.00 price target on the stock in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $358.75.

Shares of FICO opened at $359.92 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.93 and a current ratio of 0.93. Fair Isaac has a 52-week low of $170.26 and a 52-week high of $373.24. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 56.77 and a beta of 1.17. The business’s fifty day moving average is $328.43 and its 200-day moving average is $325.89.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.33. The business had revenue of $305.30 million during the quarter, compared to the consensus estimate of $287.06 million. Fair Isaac had a return on equity of 66.75% and a net margin of 16.56%. Fair Isaac’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. As a group, research analysts forecast that Fair Isaac will post 6.72 EPS for the current fiscal year.

In other Fair Isaac news, CAO Michael S. Leonard sold 500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $347.74, for a total value of $173,870.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,079 shares in the company, valued at $2,461,651.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 16,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $360.92, for a total value of $5,774,720.00. Following the completion of the transaction, the chief executive officer now owns 282,557 shares of the company’s stock, valued at $101,980,472.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,519 shares of company stock worth $20,344,245. Insiders own 6.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FICO. Millennium Management LLC grew its stake in shares of Fair Isaac by 1,442.2% in the third quarter. Millennium Management LLC now owns 122,049 shares of the technology company’s stock worth $37,044,000 after purchasing an additional 114,135 shares during the last quarter. PointState Capital LP bought a new position in Fair Isaac during the 3rd quarter worth $38,424,000. Integrated Wealth Concepts LLC raised its position in Fair Isaac by 7.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,162 shares of the technology company’s stock worth $353,000 after purchasing an additional 84 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Fair Isaac by 1.4% during the 3rd quarter. California State Teachers Retirement System now owns 45,768 shares of the technology company’s stock worth $13,892,000 after buying an additional 641 shares during the period. Finally, Balasa Dinverno & Foltz LLC acquired a new position in Fair Isaac during the 3rd quarter worth about $248,000. 83.16% of the stock is owned by institutional investors.

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.

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