Needham & Company LLC Reaffirms Buy Rating for Fair Isaac (NYSE:FICO)

Needham & Company LLC reaffirmed their buy rating on shares of Fair Isaac (NYSE:FICO - Free Report) in a research report report published on Friday,Benzinga reports. Needham & Company LLC currently has a $2,500.00 target price on the technology company's stock.

FICO has been the topic of several other research reports. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. UBS Group lowered their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company reduced their price target on 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. Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Finally, Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $2,131.86.

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Fair Isaac Stock Performance

Shares of Fair Isaac stock traded down $11.22 on Friday, reaching $1,921.52. 221,221 shares of the company were exchanged, compared to its average volume of 181,300. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The firm has a market cap of $46.92 billion, a price-to-earnings ratio of 88.18, a P/E/G ratio of 3.27 and a beta of 1.37. The company's 50-day moving average is $1,816.47 and its two-hundred day moving average is $1,982.21.

Fair Isaac (NYSE:FICO - Get Free Report) 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 negative return on equity of 53.40% and a net margin of 30.66%. As a group, sell-side analysts forecast that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Activity

In related news, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company's stock, valued at approximately $74,210,495.94. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mechanics Bank Trust Department increased its stake in shares of Fair Isaac by 5.7% in the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company's stock worth $223,000 after purchasing an additional 6 shares during the period. Alpha Cubed Investments LLC raised its holdings in shares of Fair Isaac by 1.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company's stock worth $942,000 after buying an additional 6 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Fair Isaac by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company's stock worth $609,000 after purchasing an additional 6 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Fair Isaac by 5.2% during the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company's stock worth $243,000 after buying an additional 6 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Fair Isaac by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company's stock valued at $1,236,000 after acquiring an additional 6 shares during the last quarter. 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.