On September 30, 2023, HSBC investment analysts released a research report on Fair Isaac (NYSE: FICO), providing coverage on the technology company’s shares. The firm assigned a “reduce” rating to Fair Isaac’s stock. This news comes as the market opens with Fair Isaac trading at an opening price of $886.84.
Fair Isaac currently boasts a market capitalization of $22.08 billion and has a price-to-earnings (PE) ratio of 53.85, along with a PEG ratio of 3.13. With a beta value of 1.22, the stock exhibits moderate volatility compared to the overall market.
Over the past year, Fair Isaac has seen its share price fluctuate between a low of $389.83 and a high of $916.41, indicating significant volatility in its trading range. The fifty day moving average stands at $870.01, while the 200 day moving average is at $791.10.
When considering major investors in Fair Isaac, it is worth noting that BlackRock Inc., one of the largest investment management companies in the world, increased its stake in the company by 2% during the second quarter. Similarly, State Street Corp raised its position by 0.8% during that same period.
T.Rowe Price Investment Management Inc., another prominent asset management firm, also saw a slight increase of 0.6% in its holdings of Fair Isaac during the fourth quarter.
Envestnet Asset Management Inc., an investment advisory firm specializing in wealth management solutions, notably experienced a substantial boost of approximately 1,713.6% in its ownership share during the first quarter.
Geode Capital Management LLC joined these notable investors by growing its stake by 2.2% during Q2 as well.
These institutional investors collectively hold around 85.17% of Fair Isaac’s stock.
Looking at recent financial performance, Fair Isaac reported its quarterly earnings data on August 2nd, 2023. The company surpassed analysts’ expectations by posting earnings per share (EPS) of $4.63 for the quarter, compared to the consensus estimate of $4.28 EPS.
Additionally, Fair Isaac registered a net margin of 28.43% during this period, although it also displayed a negative return on equity of 51.26%. The company reported revenue totaling $398.69 million, surpassing analysts’ predictions of $379.63 million.
Analysts anticipate that Fair Isaac will achieve an EPS of 16.29 for the current fiscal year.
In summary, investment analysts at HSBC have initiated coverage on Fair Isaac with a “reduce” rating, while the company’s stock opened at $886.84 on September 30th, 2023. With various large investors modifying their holdings in Fair Isaac in recent quarters and positive financial results from the company’s most recent earnings report, market participants will be keen to observe how these factors influence future developments in Fair Isaac’s stock performance and overall market presence.
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Insider Selling and Analyst Recommendations: Evaluating Fair Isaac (FICO) Stock
Fair Isaac (FICO), a leading analytics software company, has recently received attention from several equities analysts. It is not uncommon for analysts to provide their insights and recommendations on various stocks, offering investors valuable information to consider when making investment decisions.
According to a research note by Needham & Company LLC on September 30, 2023, the price objective for Fair Isaac was raised from $900.00 to $1,100.00. They also gave the company a “buy” rating. Similarly, Jefferies Financial Group increased their price target on shares of Fair Isaac from $875.00 to $940.00 in a research report published on July 10th. Barclays also upped their price objective from $920.00 to $950.00 and issued an “overweight” rating for the stock.
Another significant development came with Raymond James initiating coverage on Fair Isaac on September 5th. The research report by Raymond James assigned an “outperform” rating and set a target price of $1,007.00 for the stock.
News regarding insider trading activities at Fair Isaac has also surfaced recently in a legal filing with the Securities & Exchange Commission (SEC). Director Eva Manolis sold 2,564 shares of Fair Isaac stock on August 25th at an average price of $852.38, resulting in a total transaction value of $2,185,502.32.
Similarly, CAO Michael S. Leonard sold 236 shares of Fair Isaac stock on August 7th at an average price of $858.51, totaling $202,608.36 in transaction value.
These insider sales are significant as they offer insight into the actions and sentiments of key individuals within the company itself.
Over the last ninety days alone, insiders at Fair Isaac have sold a total of 8,472 shares valued at approximately $7,472,491. It is worth mentioning that company insiders own 3.37% of the stock.
The latest Bloomberg report indicates that Fair Isaac currently holds an average rating of “Moderate Buy” from analysts, with a consensus target price of $901.63.
These diverse viewpoints and activities surrounding Fair Isaac provide investors with valuable information to evaluate the stock and make informed decisions. As always, it is essential to conduct thorough research and consider various factors before making any investment choices.
