Fair Isaac Corporation (NYSE:FICO) had its target price upped by analysts at Barclays PLC from $135.00 to $140.00 in a report issued on Thursday, November 2nd. The firm currently has an “equal weight” rating on the technology company’s stock. Barclays PLC’s price objective points to a potential downside of 9.06% from the company’s previous close.
A number of other brokerages have also recently issued reports on FICO. BidaskClub raised shares of Fair Isaac Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Fair Isaac Corporation from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Monday, October 16th. Finally, Wells Fargo & Company lifted their price target on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st.
Fair Isaac Corporation (FICO) traded down $0.74 on Thursday, hitting $153.94. 116,900 shares of the stock traded hands, compared to its average volume of 157,935. Fair Isaac Corporation has a twelve month low of $110.18 and a twelve month high of $155.24. The company has a market capitalization of $4,570.00, a PE ratio of 38.96, a P/E/G ratio of 4.20 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.95.
Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.48. Fair Isaac Corporation had a net margin of 13.76% and a return on equity of 30.03%. The firm had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $249.11 million. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts anticipate that Fair Isaac Corporation will post 3.68 EPS for the current fiscal year.
Fair Isaac Corporation announced that its Board of Directors has approved a share repurchase program on Wednesday, November 1st that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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In other Fair Isaac Corporation news, Director Joanna Rees purchased 3,000 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $152.00 per share, for a total transaction of $456,000.00. Following the purchase, the director now owns 4,989 shares of the company’s stock, valued at $758,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Rey sold 2,660 shares of Fair Isaac Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $140.47, for a total transaction of $373,650.20. Following the completion of the sale, the director now owns 11,034 shares in the company, valued at $1,549,945.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $2,155,385. 5.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of FICO. Koch Industries Inc. increased its stake in Fair Isaac Corporation by 23,947.1% in the 2nd quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock valued at $867,000 after buying an additional 869,998 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Fair Isaac Corporation by 151.4% in the second quarter. Principal Financial Group Inc. now owns 324,590 shares of the technology company’s stock valued at $45,251,000 after acquiring an additional 195,488 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Fair Isaac Corporation in the second quarter valued at $24,820,000. Victory Capital Management Inc. boosted its holdings in Fair Isaac Corporation by 134.5% in the second quarter. Victory Capital Management Inc. now owns 310,040 shares of the technology company’s stock valued at $43,223,000 after acquiring an additional 177,840 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its holdings in Fair Isaac Corporation by 4.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock valued at $361,000,000 after acquiring an additional 117,514 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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