Fair Isaac Co. (NYSE:FICO), a leading global provider of analytic, software, and data decisioning technologies and services, has received a “Moderate Buy” consensus rating from seven brokerages, according to Bloomberg Ratings. Out of the seven analysts covering the firm, two have given the stock a hold rating while five have assigned a buy rating to the company. Over the past year, analysts who have issued reports on the stock suggest an average 12-month target price of $886.57.
In recent news, Director Marc F. Mcmorris sold 1,324 shares of Fair Isaac’s stock in a transaction on May 24th at an average price of $758.58 per share. This resulted in a total value of $1,004,359.92 for the shares sold. Post-transaction, Mcmorris now holds 242 shares directly in the company’s stock with an approximate value of $183,576.36. This transaction was disclosed in a filing with the SEC and can be accessed using this hyperlink.
Additionally, Director David A. Rey also sold 1,000 shares of Fair Isaac’s stock on June 2nd at an average price of $791.05 per share, resulting in a total value of $791,050 sold. Following this sale, Rey now holds 1,303 shares in the company valued at approximately $1,030,738.15.
Insiders within Fair Isaac Corporation have sold a total of 2,560 shares valued at $1,998,018 within the last ninety days alone. However, corporate insiders still make up only about 3.37% ownership within the company.
Fair Isaac Corporation operates through two segments: Scores and Software. The Scores segment provides analytics and scoring solutions used by clients worldwide to assess consumer creditworthiness and risk management needs across various industries such as banking and insurance.
The Software segment offers pre-configured analytic and decision management solutions that cater to specific business needs or processes including customer management, fraud detection, financial crimes compliance, marketing, account origination, and customer engagement. This segment also provides associated professional services.
With a global presence that spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific region, Fair Isaac is well-positioned to deliver its cutting-edge technologies and data-driven solutions to clients around the world. By automating and enhancing decision-making processes for businesses across various industries, Fair Isaac enables companies to capitalize on strategic opportunities while mitigating risks effectively.
As the market recognizes Fair Isaac’s innovative offerings and growth potential in a rapidly evolving digital landscape, investors remain bullish on the stock. With multiple analysts assigning a buy rating and a consensus target price exceeding $886 per share over the next 12 months, investors may find value in considering their investment in Fair Isaac Co.
Fair Isaac Corporation
FICO
Neutral
Updated on: 19/08/2023
Analyst Reports and Institutional Interest Indicate Promising Future for Fair Isaac Corporation (FICO)
Fair Isaac Corporation (FICO) has recently caught the attention of several analysts and investors, prompting discussions about its future prospects. StockNews.com initiated coverage on FICO with a “hold” rating, while Deutsche Bank Aktiengesellschaft increased its price target on the stock. Meanwhile, Barclays raised their price target and gave the stock an “overweight” rating. Royal Bank of Canada also increased their price target and Needham & Company LLC provided a bullish outlook by raising their price target even further.
Fair Isaac Corporation operates in the Americas, Europe, the Middle East, Africa, and Asia Pacific regions. The company develops analytics, software, and data decisioning technologies that help businesses automate and enhance their decision-making processes. With two main segments – Scores and Software – Fair Isaac provides pre-configured analytic solutions for various business needs such as account origination, customer management, fraud detection, financial crimes compliance, and marketing.
As analysts weigh in on FICO’s potential growth prospects, hedge funds have taken notice. Some have increased their stakes in the company while others have reduced theirs. Private Advisor Group LLC acquired a new stake in Fair Isaac during the first quarter, adding to its current portfolio. PNC Financial Services Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Great West Life Assurance Co., and Raymond James Trust N.A. are among other institutional investors who have shown interest in FICO by increasing or maintaining their holdings.
On Friday morning, FICO stock opened at $843.48 with a market capitalization of $21 billion. The stock’s performance has been impressive over the past year as it soared to a 12-month high of $892.03 from a low of $389.83. With a PE ratio of 51.21 and a price-to-earnings-growth ratio of 3.10, FICO demonstrates strong fundamentals.
These recent analyst reports indicate that there is much intrigue surrounding Fair Isaac Corporation. With positive ratings, increased price targets, and growing institutional interest, FICO’s future seems promising. As the company continues to develop innovative technologies and services, investors will closely monitor its performance and potential opportunities for growth in the ever-evolving global market.
