Fair Isaac Rating Lowered to “Hold” at Zacks Research

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Fair Isaac (NYSE:FICO – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also commented on FICO. UBS Group boosted their price target on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. BMO Capital Markets decreased their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group cut their target price on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and an average target price of $2,118.50.

Check Out Our Latest Stock Analysis on FICO

Fair Isaac Price Performance

FICO stock opened at $1,786.29 on Monday. Fair Isaac has a 12 month low of $1,300.00 and a 12 month high of $2,400.00. The firm’s 50-day moving average is $1,686.47 and its 200 day moving average is $1,631.65. The company has a market capitalization of $42.35 billion, a PE ratio of 67.03, a P/E/G ratio of 1.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.36 by $0.38. The company had revenue of $515.75 million during the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.54 EPS. Sell-side analysts forecast that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the transaction, the chief executive officer owned 10,933 shares of the company’s stock, valued at approximately $18,945,577.04. This trade represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 14,422 shares of company stock valued at $23,226,939. 3.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership purchased a new stake in Fair Isaac in the 2nd quarter worth approximately $84,295,000. Brighton Jones LLC raised its stake in shares of Fair Isaac by 168.7% during the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after buying an additional 302 shares during the period. Andra AP fonden lifted its position in shares of Fair Isaac by 51.1% during the 2nd quarter. Andra AP fonden now owns 21,000 shares of the technology company’s stock valued at $38,387,000 after buying an additional 7,100 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Fair Isaac by 3,291.5% in the 2nd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 13,566 shares of the technology company’s stock valued at $24,798,000 after acquiring an additional 13,166 shares during the period. Finally, Swiss National Bank increased its holdings in Fair Isaac by 7.6% in the 2nd quarter. Swiss National Bank now owns 73,900 shares of the technology company’s stock worth $135,086,000 after acquiring an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

About Fair Isaac

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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.

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