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

Needham & Company LLC reiterated their buy rating on shares of Fair Isaac (NYSE:FICO) in a report published on Wednesday morning,Benzinga reports. They currently have a $2,500.00 target price on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,078.15.

Fair Isaac Price Performance

Shares of FICO opened at $1,858.97 on Wednesday. The firm has a 50-day moving average of $2,018.44 and a 200-day moving average of $1,959.32. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.51. The company has a market cap of $45.43 billion, a PE ratio of 90.90, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 29.86% and a negative return on equity of 59.47%. Analysts expect that Fair Isaac will post 24.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock valued at $31,258,963 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Heritage Family Offices LLP raised its holdings in Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after buying an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the last quarter. Covestor Ltd raised its holdings in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Company Profile

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.