Fair Isaac (FICO): New Buy Recommendation for This Technology Giant

In a report released today, Surinder Thind from Jefferies reiterated a Buy rating on Fair Isaac, with a price target of $1,675.00.

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Thind covers the Technology sector, focusing on stocks such as Fair Isaac, Grid Dynamics Holdings, and ZoomInfo Technologies. According to TipRanks, Thind has an average return of 1.4% and a 44.65% success rate on recommended stocks.

In addition to Jefferies, Fair Isaac also received a Buy from Barclays’s Manav Patnaik in a report issued on July 30. However, on the same day, UBS maintained a Hold rating on Fair Isaac (NYSE: FICO).

Based on Fair Isaac’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $674.19 million and a net profit of $237.17 million. In comparison, last year the company earned a revenue of $536.42 million and had a net profit of $181.79 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FICO in relation to earlier this year. Last month, Eva Manolis, a Director at FICO sold 967.00 shares for a total of $1,353,800.00.