Fair Isaac (NYSE:FICO) Raised to Outperform 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, MarketBeat reports. Royal Bank of Canada currently has $2,170.00 price objective on the technology company’s stock, up from their prior price objective of $2,040.00.

Several other equities research analysts have also weighed in on FICO. Barclays upped their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company dropped 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 report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Robert W. Baird dropped their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,088.15.

Fair Isaac Trading Up 2.8 %

Shares of FICO stock opened at $1,867.49 on Wednesday. Fair Isaac has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The stock has a 50 day moving average of $1,900.41 and a two-hundred day moving average of $1,976.50. The company has a market capitalization of $45.60 billion, a P/E ratio of 85.70, a P/E/G ratio of 3.27 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share 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%. Sell-side analysts predict that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the sale, the executive vice president now owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,170 shares of company stock worth $27,132,248 over the last 90 days. Insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth about $251,000. American Trust grew its holdings in Fair Isaac by 35.6% during the fourth quarter. American Trust now owns 141 shares of the technology company’s stock valued at $281,000 after purchasing an additional 37 shares during the period. Mackenzie Financial Corp grew its holdings in Fair Isaac by 9.2% during the fourth quarter. Mackenzie Financial Corp now owns 7,937 shares of the technology company’s stock valued at $15,802,000 after purchasing an additional 670 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Fair Isaac in the fourth quarter valued at approximately $11,892,000. Finally, Toronto Dominion Bank raised its holdings in Fair Isaac by 43.5% in the fourth quarter. Toronto Dominion Bank now owns 13,078 shares of the technology company’s stock worth $26,038,000 after purchasing an additional 3,965 shares during the period. Institutional investors 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.