Fair Isaac (FICO) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Fair Isaac (NYSE:FICO) from a sell rating to a hold rating in a research note released on Wednesday morning.

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. “

Several other research analysts also recently weighed in on FICO. Barclays increased their price target on shares of Fair Isaac from $175.00 to $190.00 and gave the stock an equal weight rating in a research report on Friday, April 27th. ValuEngine upgraded shares of Fair Isaac from a hold rating to a buy rating in a research report on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $176.75.



Fair Isaac opened at $199.97 on Wednesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.90. Fair Isaac has a 1-year low of $131.52 and a 1-year high of $201.32. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 4.85 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 26th. The technology company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.57. Fair Isaac had a net margin of 12.77% and a return on equity of 34.23%. The business had revenue of $257.86 million for the quarter, compared to the consensus estimate of $244.33 million. During the same period last year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts anticipate that Fair Isaac will post 4.14 EPS for the current year.

In other news, CFO Michael J. Pung sold 14,621 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $199.00, for a total transaction of $2,909,579.00. Following the sale, the chief financial officer now directly owns 4 shares in the company, valued at approximately $796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Rey sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the director now owns 7,374 shares in the company, valued at $1,272,826.14. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in FICO. Millennium Management LLC raised its position in shares of Fair Isaac by 161.0% during the 4th quarter. Millennium Management LLC now owns 172,561 shares of the technology company’s stock valued at $26,436,000 after purchasing an additional 106,443 shares during the period. Deutsche Bank AG raised its position in shares of Fair Isaac by 56.3% during the 4th quarter. Deutsche Bank AG now owns 185,937 shares of the technology company’s stock valued at $28,483,000 after purchasing an additional 66,998 shares during the period. Gotham Asset Management LLC raised its position in shares of Fair Isaac by 210.9% during the 4th quarter. Gotham Asset Management LLC now owns 92,952 shares of the technology company’s stock valued at $14,240,000 after purchasing an additional 63,058 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Fair Isaac during the 4th quarter valued at $8,377,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at $4,977,000. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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