William Blair Reaffirms Outperform Rating for Fair Isaac (NYSE:FICO)

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William Blair restated their outperform rating on shares of Fair Isaac (NYSE:FICO) in a research report released on Tuesday, Zacks.com reports. William Blair also issued estimates for Fair Isaac’s FY2020 earnings at $6.77 EPS and FY2021 earnings at $7.16 EPS.

A number of other research analysts have also weighed in on the company. Wells Fargo & Co upped their price objective on Fair Isaac from $310.00 to $415.00 and gave the stock an outperform rating in a report on Thursday, August 1st. ValuEngine lowered Fair Isaac from a buy rating to a hold rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered Fair Isaac from a hold rating to a sell rating in a report on Tuesday, October 15th. Finally, Robert W. Baird assumed coverage on Fair Isaac in a report on Monday, October 14th. They set an outperform rating and a $352.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $357.40.

Shares of FICO stock opened at $331.59 on Tuesday. The business’s fifty day moving average price is $307.17 and its 200 day moving average price is $317.54. Fair Isaac has a 1-year low of $170.26 and a 1-year high of $373.24. The firm has a market capitalization of $9.58 billion, a PE ratio of 52.30 and a beta of 1.15. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.93 and a quick ratio of 0.95.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.33. Fair Isaac had a return on equity of 66.75% and a net margin of 16.56%. The firm had revenue of $305.30 million for the quarter, compared to analyst estimates of $287.06 million. During the same quarter in the prior year, the company posted $1.34 earnings per share. Fair Isaac’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts expect that Fair Isaac will post 6.75 earnings per share for the current fiscal year.

In other Fair Isaac news, CEO William J. Lansing sold 16,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $331.03, for a total transaction of $5,296,480.00. Following the sale, the chief executive officer now directly owns 180,345 shares in the company, valued at $59,699,605.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 6,019 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $355.52, for a total value of $2,139,874.88. Following the sale, the executive vice president now owns 15,000 shares in the company, valued at $5,332,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,642 shares of company stock worth $37,758,966. 6.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Fair Isaac by 1.7% during the second quarter. Vanguard Group Inc. now owns 2,695,365 shares of the technology company’s stock worth $846,399,000 after purchasing an additional 44,769 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Fair Isaac by 35.8% in the second quarter. Victory Capital Management Inc. now owns 354,577 shares of the technology company’s stock valued at $111,344,000 after acquiring an additional 93,555 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Fair Isaac by 4.5% in the second quarter. AQR Capital Management LLC now owns 323,524 shares of the technology company’s stock valued at $98,976,000 after acquiring an additional 13,839 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Fair Isaac by 5.5% in the second quarter. Janus Henderson Group PLC now owns 322,406 shares of the technology company’s stock valued at $101,242,000 after acquiring an additional 16,857 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Fair Isaac by 1.0% in the third quarter. Fisher Asset Management LLC now owns 181,709 shares of the technology company’s stock valued at $55,152,000 after acquiring an additional 1,861 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Fair Isaac Company Profile

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.

Further Reading: Market Perform

Analyst Recommendations for Fair Isaac (NYSE:FICO)

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