Fair Isaac’s (FICO) Buy Rating Reiterated at Needham & Company LLC

Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $1,500.00 price target on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 32.74% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Barclays boosted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Jefferies Financial Group boosted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Raymond James boosted their target price on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Redburn Atlantic started coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Stock Down 2.8 %

Shares of FICO stock opened at $1,130.06 on Monday. Fair Isaac has a 12-month low of $692.87 and a 12-month high of $1,349.75. The company has a market capitalization of $28.08 billion, a P/E ratio of 63.17, a P/E/G ratio of 2.50 and a beta of 1.21. The firm has a 50-day moving average price of $1,250.01 and a 200 day moving average price of $1,142.76.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. The firm had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. As a group, research analysts expect that Fair Isaac will post 19.95 earnings per share for the current year.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 24,000 shares of company stock worth $29,011,120 in the last quarter. 3.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cornercap Investment Counsel Inc. bought a new stake in shares of Fair Isaac in the fourth quarter worth $249,000. Patton Fund Management Inc. lifted its position in shares of Fair Isaac by 88.1% in the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 2,164 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Fair Isaac by 289.0% in the fourth quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock worth $2,721,000 after purchasing an additional 1,737 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock worth $4,152,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Fair Isaac by 72.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,445 shares of the technology company’s stock worth $6,338,000 after purchasing an additional 2,280 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

About Fair Isaac

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.