Fair Isaac (FICO) Downgraded by ValuEngine

Fair Isaac (NYSE:FICO) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, November 2nd.

Several other analysts have also issued reports on FICO. Barclays raised their price target on shares of Fair Isaac from $190.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 12th. Wells Fargo & Co raised their price objective on shares of Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $230.00 price objective for the company in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $208.50.

Shares of FICO traded down $1.92 during mid-day trading on Friday, hitting $196.33. 166,384 shares of the company’s stock were exchanged, compared to its average volume of 315,364. Fair Isaac has a twelve month low of $150.56 and a twelve month high of $241.10. The company has a quick ratio of 0.84, a current ratio of 0.80 and a debt-to-equity ratio of 2.01. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 4.08 and a beta of 1.43.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, November 1st. The technology company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.13). The firm had revenue of $279.80 million during the quarter, compared to analyst estimates of $272.70 million. Fair Isaac had a net margin of 13.79% and a return on equity of 45.11%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share. As a group, research analysts predict that Fair Isaac will post 4.89 earnings per share for the current fiscal year.

In other Fair Isaac news, Director David A. Rey sold 7,374 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $215.38, for a total value of $1,588,212.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James M. Wehmann sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $214.09, for a total transaction of $2,140,900.00. Following the completion of the sale, the insider now owns 99,726 shares of the company’s stock, valued at approximately $21,350,339.34. The disclosure for this sale can be found here. Insiders have sold a total of 115,868 shares of company stock valued at $25,252,220 over the last three months. 5.60% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in Fair Isaac by 1.6% during the second quarter. Arizona State Retirement System now owns 20,717 shares of the technology company’s stock valued at $4,005,000 after purchasing an additional 334 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Fair Isaac during the second quarter valued at approximately $1,295,000. Morgan Stanley grew its holdings in Fair Isaac by 4.2% during the second quarter. Morgan Stanley now owns 203,426 shares of the technology company’s stock valued at $39,326,000 after purchasing an additional 8,254 shares during the period. Assenagon Asset Management S.A. grew its holdings in Fair Isaac by 340.1% during the third quarter. Assenagon Asset Management S.A. now owns 35,347 shares of the technology company’s stock valued at $8,079,000 after purchasing an additional 27,316 shares during the period. Finally, Prana Capital Management LP acquired a new position in Fair Isaac during the second quarter valued at approximately $9,107,000. Institutional investors own 84.39% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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