Fair Isaac (NYSE:FICO) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Fair Isaac (NYSE:FICO) from a sector perform rating to an outperform rating in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage currently has $2,170.00 target price on the technology company’s stock, up from their previous target price of $2,040.00.

Several other equities research analysts also recently commented on FICO. Jefferies Financial Group lowered their target price on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Oppenheimer lowered their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,088.15.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,884.63 on Wednesday. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.52. The company has a market capitalization of $46.02 billion, a PE ratio of 86.49, a PEG ratio of 3.27 and a beta of 1.39. The company has a 50 day moving average price of $1,892.09 and a two-hundred day moving average price of $1,976.67.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. On average, sell-side analysts forecast that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,170 shares of company stock worth $27,132,248. 3.46% of the stock is owned by insiders.

Institutional Trading of Fair Isaac

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Fair Isaac in the fourth quarter valued at about $442,369,000. Wealthfront Advisers LLC raised its position in shares of Fair Isaac by 5,217.6% in the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at about $261,610,000. Arrowstreet Capital Limited Partnership raised its position in shares of Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Fair Isaac in the fourth quarter valued at about $199,441,000. 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.