Fair Isaac Corporation (NYSE:FICO) Lowered to “Sell” at BidaskClub
BidaskClub lowered shares of Fair Isaac Corporation (NYSE:FICO) from a hold rating to a sell rating in a research note released on Tuesday morning.
A number of other brokerages have also recently commented on FICO. Zacks Investment Research upgraded Fair Isaac Corporation from a sell rating to a hold rating in a research report on Tuesday, May 2nd. Wells Fargo & Company raised their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a positive rating in a research report on Tuesday, August 1st.
Shares of Fair Isaac Corporation (FICO) traded up 0.07% during midday trading on Tuesday, reaching $137.03. 196,796 shares of the company’s stock traded hands. The stock has a 50 day moving average of $140.66 and a 200-day moving average of $133.32. Fair Isaac Corporation has a 52-week low of $109.77 and a 52-week high of $147.02. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 36.74 and a beta of 1.20.
Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The company had revenue of $231 million during the quarter, compared to the consensus estimate of $237.07 million. During the same quarter in the previous year, the business posted $1.45 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts expect that Fair Isaac Corporation will post $4.94 EPS for the current year.
In other Fair Isaac Corporation news, Director Greg R. Gianforte sold 18,486 shares of Fair Isaac Corporation stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total value of $2,486,367.00. Following the transaction, the director now owns 20,877 shares in the company, valued at $2,807,956.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Nomura Asset Management Co. Ltd. boosted its position in Fair Isaac Corporation by 3,643.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 138,500 shares of the technology company’s stock worth $17,860,000 after buying an additional 134,800 shares in the last quarter. American Century Companies Inc. boosted its position in Fair Isaac Corporation by 5.1% in the first quarter. American Century Companies Inc. now owns 68,793 shares of the technology company’s stock worth $8,871,000 after buying an additional 3,351 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Fair Isaac Corporation by 10.2% in the first quarter. Thrivent Financial For Lutherans now owns 5,820 shares of the technology company’s stock worth $750,000 after buying an additional 540 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Fair Isaac Corporation during the first quarter worth about $292,000. Finally, Elkfork Partners LLC boosted its position in Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.
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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