Barclays PLC downgraded shares of Fair Isaac Corp. (NYSE:FICO) from an overweight rating to an equal weight rating in a report issued on Wednesday. They currently have $135.00 price target on the stock. The analysts noted that the move was a valuation call.
Several other research firms also recently issued reports on FICO. Dougherty & Co started coverage on shares of Fair Isaac Corp. in a research note on Wednesday, July 13th. They set a buy rating and a $135.00 price target for the company. Zacks Investment Research cut shares of Fair Isaac Corp. from a hold rating to a sell rating in a research report on Friday, July 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $119.00.
Fair Isaac Corp. (NYSE:FICO) opened at 128.36 on Wednesday. Fair Isaac Corp. has a one year low of $78.11 and a one year high of $132.95. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 37.61 and a beta of 1.41. The stock has a 50 day moving average of $128.47 and a 200 day moving average of $114.20.
Fair Isaac Corp. (NYSE:FICO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.72. The business earned $238.78 million during the quarter, compared to the consensus estimate of $220.16 million. Fair Isaac Corp. had a net margin of 12.60% and a return on equity of 30.09%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Equities research analysts predict that Fair Isaac Corp. will post $3.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.06%. The ex-dividend date is Monday, September 12th. Fair Isaac Corp.’s dividend payout ratio (DPR) is presently 2.34%.
In other Fair Isaac Corp. news, insider James M. Wehmann sold 35,000 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $128.73, for a total value of $4,505,550.00. Following the completion of the sale, the insider now directly owns 67,181 shares in the company, valued at $8,648,210.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Pung sold 543 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $127.98, for a total transaction of $69,493.14. Following the completion of the sale, the chief financial officer now owns 4 shares of the company’s stock, valued at $511.92. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Fair Isaac Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,325,235 shares of the company’s stock worth $262,775,000 after buying an additional 43,767 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Fair Isaac Corp. by 2.0% in the second quarter. BlackRock Fund Advisors now owns 1,644,062 shares of the company’s stock worth $185,795,000 after buying an additional 32,382 shares during the last quarter. Scopia Capital Management LP boosted its stake in Fair Isaac Corp. by 20.8% in the first quarter. Scopia Capital Management LP now owns 1,176,857 shares of the company’s stock worth $124,853,000 after buying an additional 202,958 shares during the last quarter. State Street Corp boosted its stake in Fair Isaac Corp. by 2.3% in the first quarter. State Street Corp now owns 1,016,898 shares of the company’s stock worth $107,883,000 after buying an additional 23,161 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Fair Isaac Corp. by 8.7% in the first quarter. Wellington Management Group LLP now owns 918,548 shares of the company’s stock worth $97,449,000 after buying an additional 73,540 shares during the last quarter. Institutional investors and hedge funds own 90.91% of the company’s stock.
About Fair Isaac Corp.
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