Fair Isaac Corporation (FICO) Reaches New 12-Month High Following Analyst Upgrade

Shares of Fair Isaac Corporation (NYSE:FICO) hit a new 52-week high during trading on Friday after Barclays PLC raised their price target on the stock from $135.00 to $140.00. Barclays PLC currently has an equal weight rating on the stock. Fair Isaac Corporation traded as high as $152.33 and last traded at $0.00, with a volume of shares traded.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company upped their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Tuesday, August 1st.

In other Fair Isaac Corporation news, Director A George Battle sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $150.46, for a total transaction of $752,300.00. Following the sale, the director now directly owns 21,259 shares in the company, valued at $3,198,629.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Rey sold 2,660 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $140.47, for a total value of $373,650.20. Following the sale, the director now owns 11,034 shares in the company, valued at $1,549,945.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,000 shares of company stock valued at $2,155,385. 5.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of FICO. YorkBridge Wealth Partners LLC purchased a new stake in Fair Isaac Corporation during the second quarter valued at approximately $138,000. Acrospire Investment Management LLC purchased a new stake in Fair Isaac Corporation during the second quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fair Isaac Corporation by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock valued at $172,000 after purchasing an additional 161 shares during the period. Advisory Services Network LLC raised its holdings in shares of Fair Isaac Corporation by 17.9% in the second quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after buying an additional 197 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Fair Isaac Corporation in the second quarter worth approximately $208,000. Institutional investors and hedge funds own 88.26% of the company’s stock.

The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.95 and a quick ratio of 0.81.

Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.48. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $249.11 million. Fair Isaac Corporation had a return on equity of 30.03% and a net margin of 13.76%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. sell-side analysts expect that Fair Isaac Corporation will post 4.33 earnings per share for the current fiscal year.

Fair Isaac Corporation announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 1st that allows the company to buyback $250.00 million in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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About Fair Isaac Corporation

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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