Fair Isaac Corporation (FICO) was Downgraded by Barclays to ” Equal Weight” and the brokerage firm has set the Price Target at $135. Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Sep 21, 2016.
Many Wall Street Analysts have commented on Fair Isaac Corporation. Company shares were Reiterated by Barclays on Aug 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 135 from a previous price target of $115 .Dougherty & Company Initiated Fair Isaac Corporation on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $135.
On the company’s financial health, Fair Isaac Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.10. The company had revenue of $238.78 million for the quarter, compared to analysts expectations of $219.67 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Fair Isaac Corporation closed down -0.58 points or -0.45% at $128.87 with 95,834 shares getting traded on Tuesday. Post opening the session at $130.46, the shares hit an intraday low of $128.85 and an intraday high of $130.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 14, 2016, William J Lansing (President and CEO) sold 30,000 shares at $129.38 per share price. According to the SEC, on Sep 7, 2016, Mark R Scadina (EVP, Gen. Counsel & Sec.) sold 10,000 shares at $132.56 per share price. On Aug 31, 2016, Michael J Pung (EVP & CFO) sold 10,000 shares at $127.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Fair Isaac Corporation (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.