Fair Isaac (NYSE:FICO) Price Target Increased to $415.00 by Analysts at Wells Fargo & Co

Fair Isaac (NYSE:FICO) had its target price raised by Wells Fargo & Co from $310.00 to $415.00 in a report released on Thursday morning, The Fly reports. They currently have an outperform rating on the technology company’s stock.

Separately, Zacks Investment Research cut Fair Isaac from a strong-buy rating to a hold rating in a report on Wednesday, July 3rd.

NYSE FICO traded down $7.51 during midday trading on Thursday, hitting $352.30. The company had a trading volume of 241,299 shares, compared to its average volume of 203,699. The stock has a market cap of $10.40 billion, a P/E ratio of 81.18 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. The business has a 50-day moving average of $329.24. Fair Isaac has a twelve month low of $170.26 and a twelve month high of $371.81.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $1.24. The firm had revenue of $314.20 million during the quarter, compared to analysts’ expectations of $292.88 million. Fair Isaac had a return on equity of 63.47% and a net margin of 16.57%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 EPS. As a group, equities analysts predict that Fair Isaac will post 4.92 EPS for the current fiscal year.

In other news, CFO Michael J. Pung sold 7,996 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $339.83, for a total transaction of $2,717,280.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Lansing sold 16,000 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $329.04, for a total value of $5,264,640.00. Following the transaction, the insider now directly owns 282,557 shares of the company’s stock, valued at approximately $92,972,555.28. The disclosure for this sale can be found here. Insiders have sold a total of 55,492 shares of company stock valued at $17,399,839 in the last three months. 6.10% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of FICO. Macquarie Group Ltd. grew its position in Fair Isaac by 843.8% during the 4th quarter. Macquarie Group Ltd. now owns 151 shares of the technology company’s stock worth $28,000 after acquiring an additional 135 shares during the last quarter. Toronto Dominion Bank bought a new stake in Fair Isaac during the 1st quarter worth $54,000. Machina Capital S.A.S. bought a new stake in Fair Isaac during the 2nd quarter worth $81,000. Ellis Investment Partners LLC bought a new stake in Fair Isaac during the 1st quarter worth $94,000. Finally, Cleararc Capital Inc. bought a new stake in Fair Isaac during the 1st quarter worth $203,000. 83.91% of the stock is owned by institutional investors.

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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