Fair Isaac (NYSE:FICO) Upgraded at Zacks Research

Zacks Research upgraded shares of Fair Isaac (NYSE:FICO) from a strong sell rating to a hold rating in a research note published on Thursday morning,Zacks reports.

A number of other equities analysts have also issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Fair Isaac in a research report on Thursday, November 5th. Mizuho set a $901.00 price target on shares of Fair Isaac in a research report on Friday, November 6th. Bank of America lowered shares of Fair Isaac from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $1,400.00 to $700.00 in a research note on Wednesday, September 30th. Huber Research cut shares of Fair Isaac to a “strong sell” rating in a report on Tuesday, September 29th. Finally, Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $1,675.00 to $925.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $917.44.

Fair Isaac Trading Up 0.3%

FICO traded up $2.12 during trading hours on Thursday, hitting $719.50. The company’s stock had a trading volume of 502,183 shares, compared to its average volume of 796,096. Fair Isaac has a fifty-two week low of $586.05 and a fifty-two week high of $1,858.91. The firm has a market capitalization of $15.38 billion, a PE ratio of 19.81, a PEG ratio of 1.05 and a beta of 1.36. The company has a 50-day simple moving average of $787.56 and a 200 day simple moving average of $1,086.55.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, November 4th. The technology company reported $11.10 earnings per share for the quarter, beating the consensus estimate of $10.69 by $0.41. Fair Isaac had a negative return on equity of 28.19% and a net margin of 32.94%. The firm had revenue of $657.05 million for the quarter, compared to the consensus estimate of $651.73 million. During the same quarter in the previous year, the business earned $7.74 EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. Research analysts expect that Fair Isaac will post 40.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William Lansing sold 250 shares of Fair Isaac stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $735.00, for a total value of $183,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 20,715 shares of company stock worth $14,986,239 in the last ninety days. Company insiders own 3.02% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new stake in shares of Fair Isaac during the 1st quarter worth $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter worth $30,000. Versant Capital Management Inc grew its holdings in shares of Fair Isaac by 52.3% in the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Fair Isaac by 28.5% during the third quarter. SBI Securities Co. Ltd. now owns 167 shares of the technology company’s stock worth $99,000 after purchasing an additional 37 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in shares of Fair Isaac during the second quarter worth $100,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, develops analytics software and data-driven decision tools for businesses and consumers. Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, the company was formerly known as Fair, Isaac and Company. FICO is best known for its FICO Score, which lenders use to help assess consumer credit risk. The company also provides software for managing customer decisions and optimizing processes such as lending, fraud detection, identity verification, and collections.