Zacks Investment Research cut shares of Fair Isaac (NYSE:FICO) from a strong-buy rating to a hold rating in a report published on Wednesday, January 3rd.
According to Zacks, “Fair Isaac Corporation makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. “
A number of other equities research analysts have also recently issued reports on the stock. Barclays reaffirmed a hold rating and issued a $150.00 price objective on shares of Fair Isaac in a research note on Friday, December 15th. BidaskClub raised shares of Fair Isaac from a hold rating to a buy rating in a research note on Tuesday, November 7th.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.17 by $0.48. Fair Isaac had a net margin of 13.76% and a return on equity of 30.03%. The company had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $249.11 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. Fair Isaac’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts anticipate that Fair Isaac will post 3.68 earnings per share for the current year.
In related news, Director A George Battle sold 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $150.46, for a total transaction of $752,300.00. Following the completion of the sale, the director now directly owns 21,259 shares in the company, valued at approximately $3,198,629.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joanna Rees acquired 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $152.00 per share, with a total value of $456,000.00. Following the completion of the acquisition, the director now directly owns 4,989 shares in the company, valued at approximately $758,328. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Fair Isaac by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,596,086 shares of the technology company’s stock worth $361,920,000 after purchasing an additional 60,042 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in Fair Isaac by 4.8% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 2,589,485 shares of the technology company’s stock worth $361,000,000 after purchasing an additional 117,514 shares in the last quarter. State Street Corp raised its holdings in Fair Isaac by 3.7% in the 2nd quarter. State Street Corp now owns 1,030,356 shares of the technology company’s stock worth $143,644,000 after purchasing an additional 37,156 shares in the last quarter. Koch Industries Inc. raised its holdings in Fair Isaac by 23,947.1% in the 2nd quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock worth $867,000 after purchasing an additional 869,998 shares in the last quarter. Finally, AKO Capital LLP raised its holdings in Fair Isaac by 0.9% in the 3rd quarter. AKO Capital LLP now owns 361,353 shares of the technology company’s stock worth $50,770,000 after purchasing an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.
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Fair Isaac Company Profile
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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