Fair Isaac Co. (NYSE:FICO – Get Rating)'s share price hit a new 52-week high on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $697.00 to $720.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Fair Isaac traded as high as $659.99 and last traded at $659.86, with a volume of 16784 shares traded. The stock had previously closed at $646.05.
FICO has been the topic of several other research reports. StockNews.com lowered Fair Isaac from a "buy" rating to a "hold" rating in a research note on Sunday, November 13th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $709.00 to $807.00 and gave the stock a "buy" rating in a research report on Friday. Jefferies Financial Group upped their price target on shares of Fair Isaac from $715.00 to $745.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird raised their price objective on Fair Isaac from $537.00 to $655.00 and gave the company a "neutral" rating in a report on Friday. Finally, Royal Bank of Canada upped their target price on Fair Isaac from $463.00 to $685.00 and gave the stock a "sector perform" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $727.43.
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Insider Buying and Selling at Fair Isaac
In other Fair Isaac news, CAO Michael S. Leonard sold 1,934 shares of the firm's stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $600.21, for a total transaction of $1,160,806.14. Following the completion of the transaction, the chief accounting officer now owns 5,237 shares in the company, valued at approximately $3,143,299.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Michael S. Leonard sold 1,934 shares of Fair Isaac stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $600.21, for a total value of $1,160,806.14. Following the completion of the transaction, the chief accounting officer now directly owns 5,237 shares of the company's stock, valued at approximately $3,143,299.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Braden R. Kelly sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $630.00, for a total value of $1,890,000.00. Following the sale, the director now owns 9,606 shares in the company, valued at approximately $6,051,780. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,072 shares of company stock worth $12,180,047. Insiders own 3.27% of the company's stock.
Hedge Funds Weigh In On Fair Isaac
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC raised its stake in Fair Isaac by 10.6% during the 4th quarter. Quent Capital LLC now owns 178 shares of the technology company's stock worth $107,000 after buying an additional 17 shares during the period. Lindbrook Capital LLC raised its position in shares of Fair Isaac by 79.2% during the fourth quarter. Lindbrook Capital LLC now owns 43 shares of the technology company's stock worth $26,000 after purchasing an additional 19 shares during the period. Inspire Investing LLC lifted its holdings in shares of Fair Isaac by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 524 shares of the technology company's stock worth $210,000 after purchasing an additional 20 shares in the last quarter. Magnus Financial Group LLC grew its position in Fair Isaac by 3.6% in the 2nd quarter. Magnus Financial Group LLC now owns 631 shares of the technology company's stock valued at $253,000 after purchasing an additional 22 shares during the period. Finally, Heritage Wealth Management LLC increased its stake in Fair Isaac by 2.2% during the 3rd quarter. Heritage Wealth Management LLC now owns 1,015 shares of the technology company's stock valued at $418,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 87.75% of the company's stock.
Fair Isaac Price Performance
The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 46.50 and a beta of 1.28. The company's fifty day simple moving average is $610.07 and its two-hundred day simple moving average is $511.97.
Fair Isaac (NYSE:FICO – Get Rating) last posted its earnings results on Wednesday, November 9th. The technology company reported $3.56 earnings per share for the quarter, hitting analysts' consensus estimates of $3.56. The company had revenue of $348.75 million for the quarter, compared to analyst estimates of $355.10 million. Fair Isaac had a net margin of 27.12% and a negative return on equity of 51.08%. On average, analysts forecast that Fair Isaac Co. will post 16.07 earnings per share for the current year.
Fair Isaac Company Profile
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
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