Bank of America Begins Coverage on Fair Isaac (NYSE:FICO)

Equities researchers at Bank of America started coverage on shares of Fair Isaac (NYSE:FICO - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $2,800.00 price target on the technology company's stock. Bank of America's target price would suggest a potential upside of 45.37% from the company's previous close.

A number of other brokerages have also recently commented on FICO. Barclays dropped their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Robert W. Baird cut their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group reduced their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and an average price target of $2,131.86.

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Fair Isaac Trading Down 0.3 %

Shares of NYSE:FICO traded down $6.67 during trading on Thursday, reaching $1,926.07. 60,481 shares of the company traded hands, compared to its average volume of 208,415. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The business's fifty day moving average is $1,816.47 and its 200-day moving average is $1,982.21. The firm has a market capitalization of $47.03 billion, a price-to-earnings ratio of 88.39, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results 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 negative return on equity of 53.40% and a net margin of 30.66%. On average, sell-side analysts predict that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 13,058 shares of company stock worth $23,119,030. 3.46% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently bought and sold shares of FICO. Donoghue Forlines LLC bought a new position in shares of Fair Isaac during the fourth quarter valued at $1,935,000. Czech National Bank grew its holdings in Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company's stock worth $10,512,000 after acquiring an additional 286 shares during the period. Barclays PLC lifted its stake in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after purchasing an additional 12,038 shares during the period. Brighton Jones LLC grew its stake in shares of Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after purchasing an additional 302 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Fair Isaac in the fourth quarter valued at about $394,000. 85.75% of the stock is owned by institutional investors.

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.