After grabbing 0.92 million shares, the institutional investor is now in possession of 0.92 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.70% having worth around $552.96 million. Moreover, Lindsell Train Ltd. increased its share by 75475.0 to have a control over 0.92 million shares. And SSgA Funds Management, Inc. raised its holdings to 6324.0 shares by acquiring 0.81 million shares or 3.25% of the stake.
Fair Isaac Corporation (FICO) concluded trading on 01/18/23 at a closing price of $629.97, with 0.21 million shares of worth about $132.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.04% during that period and on Wednesday the price saw a gain of about 0.33%. Currently the company’s common shares owned by public are about 25.21M shares, out of which, 24.57M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the FICO stock and their offered price forecasts bring an average price target of $621.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $715.00 and could fall to a lowest price of $463.00. The stock’s current price level is 0.28% above of average price target set by the analysts, while a rise to estimated low would result in loss of -36.06% for the stock. However, touching the estimated high of $715.00 would mean a gain of 11.89% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 103 times over the past 12 months. They bought 187,755 shares in 26 of the transactions. In 77 selling transactions, insiders dumped 158,258 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Fair Isaac Corporation iShares Core S&P Mid Cap ETF is currently holding 0.77 million shares of worth totaling $461.24 million. The company recently came selling 147.0 shares which brought its stake up to 3.09% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 3193.0 shares, after which its hold over company’s outstanding shares expand to 3.05%, leaving 0.76 million shares with the mutual fund that have a worth of about $455.57 million. Vanguard Small Cap Index Fund, after buying 0.65 million shares, have now control over 2.61% of the stake in the company. It holds 654.0 shares of worth $390.41 million.
Fair Isaac Corporation (NYSE: FICO) started trading at $635.29, above $7.41 from concluding price of the previous day. However, the stock later moved at a day high price of 640.50, or with a gain of 0.33%. Stock saw a price change of 7.53% in past 5 days and over the past one month there was a price change of 5.31%. Year-to-date (YTD), FICO shares are showing a performance of 5.24% which increased to 44.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $340.48 but also hit the highest price of $638.87 during that period. The average intraday trading volume for Fair Isaac Corporation shares is 213.91K. The stock is currently trading 4.45% above its 20-day simple moving average (SMA20), while that difference is up 7.39% for SMA50 and it goes to 35.26% higher than SMA200.
T. Rowe Price Investment Manageme acquired 0.92 million shares of Fair Isaac Corporation having value of about $552.96 million. Fair Isaac Corporation (NYSE: FICO) currently have 25.21M outstanding shares and institutions hold larger chunk of about 91.80% of that. Holding of mutual funds in the company is about 42.60% while other institutional holders and individual stake holders have control over 47.51% and 19.31% of the stake respectively.
The stock has a current market capitalization of $15.42B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 44.36, while it has posted earnings per share of $14.20 in the same period. Its PEG reads 3.07 and has Quick Ratio of 1.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FICO, volatility over the week remained 3.30% while standing at 3.01% over the month.
Analysts are in expectations that Fair Isaac Corporation (FICO) stock would likely to be making an EPS of $4.11 in the current quarter, while forecast for next quarter EPS is $4.07 and it is $18.49 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.89 which is $4.58 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.80% while it is estimated to increase by 13.27% in next year. EPS is likely to shrink at an annualized rate of 14.43% for next 5-years, compared to annual growth of 28.90% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Fair Isaac Corporation (FICO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 10 Wall Street analysts, 4 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 06, 2023 offering a Buy rating for the stock and assigned a target price of $697 to it. Coverage by Robert W. Baird stated Fair Isaac Corporation (FICO) stock as a Neutral in their note to investors on October 06, 2022, suggesting a price target of $475 for the stock. On January 06, 2022, Needham Reiterated their recommendations, while on November 08, 2021, Jefferies Upgrade their ratings for the stock with a price target of $522. Stock get a Sector perform rating from RBC Capital Mkts on July 08, 2021.