Fair Isaac (NYSE:FICO) Upgraded by Royal Bank of Canada to Outperform Rating

Fair Isaac (NYSE:FICO) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $2,170.00 price objective on the technology company’s stock, up from their prior price objective of $2,040.00. Royal Bank of Canada’s price objective indicates a potential upside of 19.44% from the company’s previous close.

Several other brokerages have also recently commented on FICO. UBS Group reduced their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Needham & Company LLC restated a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. Barclays lifted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird decreased 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,088.15.

Fair Isaac Stock Up 4.9 %

Shares of FICO stock opened at $1,816.80 on Wednesday. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The firm has a market capitalization of $44.36 billion, a price-to-earnings ratio of 83.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. The firm has a fifty day moving average of $1,904.09 and a 200-day moving average of $1,977.27.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data 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%. Research analysts expect that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the sale, the executive vice president now owns 45,395 shares in the company, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares in the company, valued at $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,170 shares of company stock worth $27,132,248. Corporate insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Fair Isaac during the third quarter worth approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $26,000. True Wealth Design LLC increased its stake in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Fair Isaac during the 4th quarter valued at $40,000. 85.75% of the stock is owned by institutional investors.

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.