Fair Isaac Corp. (FICO) Rating Reiterated by Barclays PLC
Fair Isaac Corp. (NYSE:FICO)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a research report issued to clients and investors on Tuesday. They currently have a $125.00 target price on the stock, down from their previous target price of $135.00. Barclays PLC’s price target points to a potential upside of 9.06% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Fair Isaac Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Dougherty & Co assumed coverage on shares of Fair Isaac Corp. in a report on Wednesday, July 13th. They set a “buy” rating and a $135.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $116.50.
Shares of Fair Isaac Corp. (NYSE:FICO) opened at 115.00 on Tuesday. The stock’s 50 day moving average is $121.85 and its 200-day moving average is $118.60. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 33.69 and a beta of 1.17. Fair Isaac Corp. has a 12-month low of $80.20 and a 12-month high of $132.95.
Fair Isaac Corp. (NYSE:FICO) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.07. Fair Isaac Corp. had a net margin of 12.42% and a return on equity of 27.49%. The firm had revenue of $235.80 million for the quarter, compared to analyst estimates of $163.56 million. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Fair Isaac Corp. will post $3.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend is Wednesday, November 30th. Fair Isaac Corp.’s dividend payout ratio (DPR) is presently 2.36%.
In related news, insider William J. Lansing sold 7,000 shares of Fair Isaac Corp. stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $115.69, for a total transaction of $809,830.00. Following the transaction, the insider now owns 158,595 shares of the company’s stock, valued at approximately $18,347,855.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Scadina sold 6,250 shares of Fair Isaac Corp. stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $128.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president now directly owns 70,037 shares in the company, valued at approximately $8,964,736. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Fisher Asset Management LLC raised its position in Fair Isaac Corp. by 2.1% in the second quarter. Fisher Asset Management LLC now owns 152,742 shares of the company’s stock valued at $17,588,000 after buying an additional 3,131 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Fair Isaac Corp. by 50.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 284,206 shares of the company’s stock valued at $32,119,000 after buying an additional 95,650 shares during the period. State Street Corp increased its stake in shares of Fair Isaac Corp. by 2.3% in the first quarter. State Street Corp now owns 1,016,898 shares of the company’s stock valued at $107,883,000 after buying an additional 23,161 shares during the period. Scopia Capital Management LP increased its stake in shares of Fair Isaac Corp. by 20.8% in the first quarter. Scopia Capital Management LP now owns 1,176,857 shares of the company’s stock valued at $124,853,000 after buying an additional 202,958 shares during the period. Finally, BlackRock Group LTD increased its stake in shares of Fair Isaac Corp. by 15.7% in the first quarter. BlackRock Group LTD now owns 23,351 shares of the company’s stock valued at $2,477,000 after buying an additional 3,163 shares during the period. 90.92% of the stock is currently owned by institutional investors and hedge funds.
About Fair Isaac Corp.
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