Fair Isaac (FICO) Sets New 1-Year High at $296.49

Fair Isaac Co. (NYSE:FICO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $296.49 and last traded at $294.43, with a volume of 7560 shares trading hands. The stock had previously closed at $287.30.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Fair Isaac from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Barclays boosted their price objective on Fair Isaac from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, March 11th. ValuEngine upgraded Fair Isaac from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Finally, Wells Fargo & Co boosted their price objective on Fair Isaac from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st.

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 67.80, a PEG ratio of 5.98 and a beta of 1.41.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.07). Fair Isaac had a return on equity of 51.46% and a net margin of 14.47%. The company had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $281.17 million. During the same quarter last year, the company earned $1.50 EPS. Fair Isaac’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts forecast that Fair Isaac Co. will post 4.92 earnings per share for the current year.

In other Fair Isaac news, CFO Michael J. Pung sold 7,504 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $252.53, for a total transaction of $1,894,985.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Rey sold 7,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $282.82, for a total value of $2,121,150.00. Following the sale, the director now owns 7,500 shares in the company, valued at approximately $2,121,150. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Fair Isaac by 0.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,122 shares of the technology company’s stock worth $1,391,000 after acquiring an additional 41 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Fair Isaac by 0.4% during the 1st quarter. MetLife Investment Advisors LLC now owns 17,722 shares of the technology company’s stock worth $4,814,000 after acquiring an additional 67 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Fair Isaac by 40.2% in the 4th quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock valued at $49,000 after purchasing an additional 76 shares during the period. Arizona State Retirement System boosted its position in shares of Fair Isaac by 0.4% in the 4th quarter. Arizona State Retirement System now owns 20,782 shares of the technology company’s stock valued at $3,886,000 after purchasing an additional 88 shares during the period. Finally, Utah Retirement Systems boosted its position in shares of Fair Isaac by 1.7% in the 1st quarter. Utah Retirement Systems now owns 5,392 shares of the technology company’s stock valued at $1,465,000 after purchasing an additional 92 shares during the period. 83.84% of the stock is owned by institutional investors and hedge funds.

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Fair Isaac Company Profile (NYSE:FICO)

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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