After Forming Double Top Chart Pattern, Is Fair Isaac Corporation (FICO)’s Near-Term Analysis Positive?

March 14, 2018 - By Marie Mckinney

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.37, from 1.34 in 2017Q2. It worsened, as 20 investors sold Fair Isaac Corporation shares while 78 reduced holdings. 23 funds opened positions while 72 raised stakes. 24.90 million shares or 6.50% less from 26.64 million shares in 2017Q2 were reported.
Brown Advisory Incorporated stated it has 0.14% of its portfolio in Fair Isaac Corporation (NYSE:FICO). Advisory Services Networks Limited reported 1,317 shares or 0.02% of all its holdings. Raymond James And Associates owns 1,515 shares for 0% of their portfolio. Wellington Mngmt Ltd Liability Partnership reported 653,541 shares or 0.02% of all its holdings. Eaton Vance Mngmt has 4,332 shares. Rmb Lc invested 0.28% in Fair Isaac Corporation (NYSE:FICO). Amg Natl Trust National Bank owns 2,843 shares or 0.03% of their US portfolio. Cornerstone Cap Management Holdg Ltd Limited Liability Company holds 5,566 shares or 0.01% of its portfolio. Great West Life Assurance Can invested in 0.07% or 212,895 shares. Jane Street Gp Ltd Co invested in 5,060 shares. Citadel Advsr Limited Liability Company owns 19,798 shares. First Manhattan stated it has 1,654 shares or 0% of all its holdings. Pnc Ser Gru accumulated 0% or 23,047 shares. Public Employees Retirement System Of Ohio owns 49,421 shares for 0.04% of their portfolio. First Citizens Financial Bank And Trust invested in 2,599 shares or 0.05% of the stock.

The chart of Fair Isaac Corporation (FICO) shows a double top with $179.59 target or 3.00 % above today’s $174.36 share price. The 9 months chart pattern indicates low risk for the $5.24B company. It was reported on Mar, 14 by If the $179.59 price target is reached, the company will be worth $157.29 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.99% or $1.7425 during the last trading session, reaching $174.3575. About 101,174 shares traded. Fair Isaac Corporation (NYSE:FICO) has risen 27.37% since March 14, 2017 and is uptrending. It has outperformed by 10.67% the S&P500.

Analysts await Fair Isaac Corporation (NYSE:FICO) to report earnings on April, 26. They expect $0.97 EPS, up 24.36 % or $0.19 from last year’s $0.78 per share. FICO’s profit will be $29.17M for 44.94 P/E if the $0.97 EPS becomes a reality. After $1.23 actual EPS reported by Fair Isaac Corporation for the previous quarter, Wall Street now forecasts -21.14 % negative EPS growth.

Fair Isaac Corporation (NYSE:FICO) Ratings Coverage

Among 5 analysts covering Fair Isaac Corporation (NYSE:FICO), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Fair Isaac Corporation had 11 analyst reports since November 6, 2015 according to SRatingsIntel. The stock of Fair Isaac Corporation (NYSE:FICO) has “Neutral” rating given on Wednesday, March 23 by Sidoti. On Wednesday, July 13 the stock rating was initiated by Dougherty & Company with “Buy”. The rating was maintained by Stephens with “Hold” on Wednesday, January 24. The stock of Fair Isaac Corporation (NYSE:FICO) earned “Equal Weight” rating by Barclays Capital on Tuesday, November 8. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, November 2. The rating was initiated by William Blair with “Outperform” on Tuesday, January 26. Barclays Capital downgraded the shares of FICO in report on Wednesday, September 21 to “Equal-Weight” rating. The firm earned “Overweight” rating on Friday, March 18 by Barclays Capital. The stock of Fair Isaac Corporation (NYSE:FICO) has “Overweight” rating given on Tuesday, August 2 by Barclays Capital.

Another recent and important Fair Isaac Corporation (NYSE:FICO) news was published by which published an article titled: “How VantageScore could affect the housing market” on February 21, 2018.

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