The Fair Isaac Corporation (FICO) has received various reviews and comes under scrutiny from different investors such as Seven Eight Capital LP, Edgestream Partners L.P., and Inspire Advisors LLC who have trimmed their positions in the company. The Department of Justice has been prompted by Hawley to investigate anticompetitive practices within FICO. The corporation has received a consensus rating of 'Moderate Buy' from brokerage houses and outperformed rating from Oppenheimer. Results of their third quarter (Q3) earnings reveal a miss in projections but a rise in revenue. Notwithstanding scrutiny and missed earnings, the corporation reported a substantial year-to-date growth of 49%. The company gained an increase in stake from American Century Companies Inc. and AdvisorShares Investments LLC despite the stock being categorized as expensive. Further, stock prices attained a new 12-month high at $1,818.84 with Barclays increasing their price target to $2,150.00. The attraction towards their dominance in credit scoring has seen an upsurge from firms such as Inspire Advisors LLC, Hantz Financial Services Inc., and GHP Investment Advisors Inc. They also announced new stock repurchase programs, enhancing their appeal.
Fair Isaac Corporation FICO News Analytics from Fri, 26 Oct 2018 07:00:00 GMT to Sun, 22 Sep 2024 08:39:35 GMT - Rating 6 - Innovation 3 - Information 5 - Rumor -2
