Robert W. Baird Boosts Fair Isaac (NYSE:FICO) Price Target to $486.00

Fair Isaac (NYSE:FICO) had its target price lifted by Robert W. Baird from $460.00 to $486.00 in a report released on Thursday, The Fly reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Several other analysts also recently weighed in on the stock. Barclays lifted their price objective on shares of Fair Isaac from $340.00 to $475.00 in a research report on Wednesday, June 10th. Wells Fargo & Co raised their target price on shares of Fair Isaac from $400.00 to $475.00 and gave the company an overweight rating in a research note on Friday, July 10th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Fair Isaac from a hold rating to a sell rating in a research note on Wednesday, July 15th. Needham & Company LLC reissued a buy rating and set a $425.00 target price on shares of Fair Isaac in a research note on Friday, May 22nd. Finally, Jefferies Financial Group raised their target price on shares of Fair Isaac from $362.00 to $393.00 and gave the company a hold rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Fair Isaac has an average rating of Buy and an average target price of $440.00.

NYSE:FICO traded up $0.09 during mid-day trading on Thursday, hitting $439.19. The stock had a trading volume of 220,471 shares, compared to its average volume of 240,038. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 56.96 and a beta of 1.20. The company has a 50 day simple moving average of $416.33 and a 200-day simple moving average of $373.39. Fair Isaac has a 52 week low of $177.65 and a 52 week high of $442.65. The company has a current ratio of 1.05, a quick ratio of 1.01 and a debt-to-equity ratio of 3.29.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.42. The firm had revenue of $313.73 million for the quarter, compared to the consensus estimate of $301.30 million. Fair Isaac had a net margin of 18.92% and a return on equity of 91.50%. Fair Isaac’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $2.50 EPS. As a group, equities research analysts anticipate that Fair Isaac will post 4.93 earnings per share for the current year.

In other news, CAO Michael S. Leonard sold 500 shares of Fair Isaac stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $385.46, for a total value of $192,730.00. Following the transaction, the chief accounting officer now owns 8,018 shares of the company’s stock, valued at approximately $3,090,618.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A George Battle sold 5,625 shares of Fair Isaac stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $365.46, for a total transaction of $2,055,712.50. Following the completion of the transaction, the director now directly owns 5,625 shares in the company, valued at approximately $2,055,712.50. The disclosure for this sale can be found here. Insiders sold a total of 26,709 shares of company stock worth $10,623,075 in the last ninety days. Corporate insiders own 3.81% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Ellevest Inc. increased its position in shares of Fair Isaac by 44.2% in the first quarter. Ellevest Inc. now owns 124 shares of the technology company’s stock worth $38,000 after acquiring an additional 38 shares in the last quarter. Archer Investment Corp increased its position in shares of Fair Isaac by 44.9% in the first quarter. Archer Investment Corp now owns 129 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares in the last quarter. Signaturefd LLC increased its position in shares of Fair Isaac by 12.5% in the second quarter. Signaturefd LLC now owns 406 shares of the technology company’s stock worth $170,000 after acquiring an additional 45 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Fair Isaac by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,115 shares of the technology company’s stock worth $1,542,000 after acquiring an additional 54 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. increased its position in shares of Fair Isaac by 3.5% in the first quarter. Ipswich Investment Management Co. Inc. now owns 1,635 shares of the technology company’s stock worth $503,000 after acquiring an additional 55 shares in the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.

About Fair Isaac

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.

Featured Story: Why do earnings reports matter?

The Fly

Analyst Recommendations for Fair Isaac (NYSE:FICO)

Receive News & Ratings for Fair Isaac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac and related companies with MarketBeat.com's FREE daily email newsletter.