Barclays Raises Numbers on Fair Isaac (FICO); Waiting For Better Entry Point

Barclays maintains an 'Equalweight' on Fair Isaac (NYSE: FICO) price target raised from $44 to $48.

Analyst, Manav Patnaik, said, "We would be more constructive with FICO on signs of a credit-card related origination recovery which benefits Scores (or a pull-back in shares). Remember that Scores is 30% of revenues but 75% of FCF (high-margin royalties from credit bureaus). In the meantime we see minimal downside as well with a stable base of business and continued use of FCF for share buybacks."

Raises FY12 EPS estimate from $2.50 to $2.68 and FY13 from $2.80 to $3.15.

For an analyst ratings summary and ratings history on Fair Isaac click here. For more ratings news on Fair Isaac click here.

Shares of Fair Isaac closed at $43.05 yesterday.

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