Fair Isaac (FICO) Rating Lowered to Hold at Zacks Investment Research
Fair Isaac (NYSE:FICO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Fair Isaac Corporation makes decisions smarter. The company’s solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Fair Isaac powers hundreds of billions of decisions each year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. “
Several other brokerages also recently issued reports on FICO. Barclays reaffirmed a “hold” rating and issued a $150.00 price target on shares of Fair Isaac in a research report on Friday, December 15th. BidaskClub raised Fair Isaac from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th.
Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.48. The company had revenue of $253.21 million for the quarter, compared to the consensus estimate of $249.11 million. Fair Isaac had a return on equity of 30.03% and a net margin of 13.76%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. equities research analysts forecast that Fair Isaac will post 3.68 EPS for the current year.
In other news, Director Joanna Rees bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $152.00 per share, with a total value of $456,000.00. Following the completion of the transaction, the director now directly owns 4,989 shares in the company, valued at $758,328. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A George Battle sold 5,000 shares of Fair Isaac stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $150.46, for a total value of $752,300.00. Following the sale, the director now directly owns 21,259 shares in the company, valued at $3,198,629.14. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in Fair Isaac during the second quarter worth about $208,000. Nationwide Fund Advisors lifted its stake in Fair Isaac by 4.5% during the second quarter. Nationwide Fund Advisors now owns 165,327 shares of the technology company’s stock worth $23,048,000 after purchasing an additional 7,138 shares during the period. Principal Financial Group Inc. lifted its stake in Fair Isaac by 151.4% during the second quarter. Principal Financial Group Inc. now owns 324,590 shares of the technology company’s stock worth $45,251,000 after purchasing an additional 195,488 shares during the period. American Century Companies Inc. lifted its stake in Fair Isaac by 2.4% during the second quarter. American Century Companies Inc. now owns 70,428 shares of the technology company’s stock worth $9,818,000 after purchasing an additional 1,635 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Fair Isaac by 2.4% during the second quarter. California Public Employees Retirement System now owns 97,800 shares of the technology company’s stock worth $13,634,000 after purchasing an additional 2,300 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.
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Fair Isaac Company Profile
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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