Fair Isaac (NYSE:FICO) Hits New 12-Month High at $916.41

Fair Isaac Co. (NYSE:FICO) reached a new 52-week high during trading on Wednesday . The company traded as high as $916.41 and last traded at $908.00, with a volume of 155682 shares. The stock had previously closed at $892.71.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FICO shares. Needham & Company LLC upped their target price on shares of Fair Isaac from $900.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. StockNews.com initiated coverage on Fair Isaac in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Robert W. Baird lifted their price objective on Fair Isaac from $725.00 to $775.00 in a report on Monday, May 22nd. Barclays increased their target price on shares of Fair Isaac from $920.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Fair Isaac from $685.00 to $875.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $901.63.

Fair Isaac Stock Down 0.4 %

The company’s 50-day simple moving average is $845.61 and its 200 day simple moving average is $769.17. The firm has a market capitalization of $22.53 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 3.23 and a beta of 1.22.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, August 2nd. The technology company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.35. The company had revenue of $398.69 million during the quarter, compared to the consensus estimate of $379.63 million. Fair Isaac had a net margin of 28.43% and a negative return on equity of 51.26%. On average, sell-side analysts forecast that Fair Isaac Co. will post 16.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fair Isaac news, Director Eva Manolis sold 2,564 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $852.38, for a total value of $2,185,502.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fair Isaac news, Director Eva Manolis sold 2,564 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $852.38, for a total transaction of $2,185,502.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael S. Leonard sold 236 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $858.51, for a total transaction of $202,608.36. Following the completion of the transaction, the chief accounting officer now directly owns 4,962 shares of the company’s stock, valued at approximately $4,259,926.62. The disclosure for this sale can be found here. Insiders have sold a total of 5,636 shares of company stock worth $4,952,932 in the last ninety days. 3.37% of the stock is owned by insiders.

Institutional Trading of Fair Isaac

Several large investors have recently added to or reduced their stakes in FICO. Raleigh Capital Management Inc. lifted its holdings in shares of Fair Isaac by 34.2% during the first quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock worth $36,000 after purchasing an additional 13 shares during the period. Mission Wealth Management LP lifted its stake in Fair Isaac by 1.9% during the 2nd quarter. Mission Wealth Management LP now owns 690 shares of the technology company’s stock valued at $558,000 after acquiring an additional 13 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Fair Isaac by 9.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 158 shares of the technology company’s stock valued at $128,000 after acquiring an additional 14 shares during the last quarter. CWM LLC increased its stake in shares of Fair Isaac by 10.3% in the second quarter. CWM LLC now owns 161 shares of the technology company’s stock worth $130,000 after acquiring an additional 15 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of Fair Isaac by 13.0% during the fourth quarter. Harbour Investments Inc. now owns 130 shares of the technology company’s stock worth $78,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.