Fair Isaac Corporation (FICO) Lifted to Buy at BidaskClub

Fair Isaac Corporation (NYSE:FICO) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday, June 30th.

Separately, Zacks Investment Research lowered shares of Fair Isaac Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th.

Shares of Fair Isaac Corporation (NYSE FICO) traded down 0.88% during mid-day trading on Friday, hitting $142.72. 316,655 shares of the company traded hands. The stock has a market capitalization of $4.42 billion, a PE ratio of 35.49 and a beta of 1.20. Fair Isaac Corporation has a 1-year low of $109.77 and a 1-year high of $146.34. The firm’s 50 day moving average price is $139.14 and its 200-day moving average price is $132.17.

Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.10 by $0.05. Fair Isaac Corporation had a net margin of 14.10% and a return on equity of 30.75%. The business had revenue of $228.40 million for the quarter, compared to analyst estimates of $220.05 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Fair Isaac Corporation will post $4.96 EPS for the current year.

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In other Fair Isaac Corporation news, Director Greg R. Gianforte sold 18,486 shares of Fair Isaac Corporation stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the sale, the director now owns 20,877 shares of the company’s stock, valued at approximately $2,807,956.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michael S. Leonard sold 1,508 shares of Fair Isaac Corporation stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.10, for a total transaction of $208,254.80. Following the sale, the chief accounting officer now directly owns 5,478 shares in the company, valued at approximately $756,511.80. The disclosure for this sale can be found here. In the last three months, insiders sold 32,744 shares of company stock valued at $4,456,289. 5.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in Fair Isaac Corporation by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the technology company’s stock worth $1,006,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its position in Fair Isaac Corporation by 5.0% in the first quarter. Capstone Asset Management Co. now owns 2,967 shares of the technology company’s stock worth $383,000 after buying an additional 140 shares during the last quarter. Teachers Advisors LLC boosted its position in Fair Isaac Corporation by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 50,226 shares of the technology company’s stock worth $5,988,000 after buying an additional 450 shares during the last quarter. Norges Bank acquired a new stake in shares of Fair Isaac Corporation during the fourth quarter worth about $32,927,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Fair Isaac Corporation by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,280 shares of the technology company’s stock worth $629,000 after buying an additional 440 shares during the period. 90.60% of the stock is currently owned by institutional investors.

About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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