Brokerages Set $104.00 Price Target for Fair Isaac Co. (NASDAQ:FICO)

Fair Isaac Co. (NASDAQ:FICO) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $104.00 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Fair Isaac an industry rank of 141 out of 265 based on the ratings given to related companies.

Shares of Fair Isaac (NASDAQ:FICO) opened at 94.18 on Monday. Fair Isaac has a 1-year low of $69.44 and a 1-year high of $97.56. The company has a 50-day moving average of $92.27 and a 200-day moving average of $89.61. The stock has a market capitalization of $2.93 billion and a price-to-earnings ratio of 35.54.

Fair Isaac (NASDAQ:FICO) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.15 by $0.42. During the same quarter in the prior year, the firm earned $1.33 EPS. The company had revenue of $232.76 million for the quarter, compared to analysts’ expectations of $226.40 million. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Fair Isaac will post $3.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 16th. Investors of record on Wednesday, December 2nd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Monday, November 30th.

A number of analysts recently issued reports on FICO shares. Barclays cut their price objective on Fair Isaac from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, December 17th. Zacks Investment Research downgraded Fair Isaac from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 10th.

In related news, EVP Mark R. Scadina sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $90.00, for a total transaction of $540,000.00. Following the completion of the sale, the executive vice president now owns 46,179 shares in the company, valued at $4,156,110. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James M. Wehmann sold 5,536 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $92.11, for a total value of $509,920.96. Following the sale, the executive vice president now owns 32,826 shares of the company’s stock, valued at approximately $3,023,602.86. The disclosure for this sale can be found here.

12 Month Chart for NASDAQ:FICO

Fair Isaac Corporation (NASDAQ:FICO) is analytics Software Company. The Company provides products and services that enable businesses to automate, improve and connect decisions to enhance business performance. The Company operates in three segments, such as Applications, which include pre-configured decision management applications designed for a specific type of business problem or process; Scores, which includes the Company’s business-to-business scoring solutions and services, its myFICO solutions for consumers, and associated professional services, and Tools segment, which include software tools that clients can use to create their own custom Decision Management applications, as well as associated professional services.

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