Fair Isaac Corporation (FICO) Cut to “Strong Sell” at BidaskClub

Fair Isaac Corporation (NYSE:FICO) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday.

A number of other research firms also recently issued reports on FICO. Wells Fargo & Company increased their target price on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

Fair Isaac Corporation (NYSE FICO) traded up 2.50% on Monday, hitting $135.04. 265,612 shares of the stock traded hands. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02. The firm’s 50-day moving average price is $139.26 and its 200-day moving average price is $135.54. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 36.20 and a beta of 1.22.

Fair Isaac Corporation (NYSE:FICO) last posted its earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). The business had revenue of $231.00 million for the quarter, compared to analyst estimates of $237.07 million. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.45 EPS. On average, equities research analysts anticipate that Fair Isaac Corporation will post $4.94 EPS for the current fiscal year.

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In other Fair Isaac Corporation news, Director David A. Rey sold 2,660 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total value of $373,650.20. Following the completion of the transaction, the director now owns 11,034 shares in the company, valued at approximately $1,549,945.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Rey sold 7,340 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the transaction, the director now owns 15,714 shares of the company’s stock, valued at approximately $2,203,888.50. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. YorkBridge Wealth Partners LLC purchased a new position in Fair Isaac Corporation in the 2nd quarter worth approximately $138,000. Acrospire Investment Management LLC purchased a new position in Fair Isaac Corporation in the 2nd quarter worth approximately $139,000. Elkfork Partners LLC boosted its holdings in Fair Isaac Corporation by 5.5% in the 1st quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after acquiring an additional 66 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Fair Isaac Corporation by 15.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after acquiring an additional 161 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in Fair Isaac Corporation by 17.9% in the 2nd quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 88.17% of the company’s stock.

Fair Isaac Corporation 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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