Fair Isaac (FICO) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Fair Isaac (NYSE: FICO) in the last few weeks:

• 11/14/2023 – Fair Isaac had its price target raised by analysts at Barclays PLC from $950.00 to $1,234.00. They now have an “overweight” rating on the stock.
• 11/9/2023 – Fair Isaac had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $875.00 price target on the stock.
• 11/9/2023 – Fair Isaac had its price target raised by analysts at Raymond James from $975.00 to $1,029.00. They now have an “outperform” rating on the stock.
• 11/8/2023 – Fair Isaac is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $1,120.00 price target on the stock.
• 10/25/2023 – Fair Isaac had its price target lowered by analysts at Raymond James from $1,007.00 to $975.00. They now have an “outperform” rating on the stock.
• 10/5/2023 – Fair Isaac is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/29/2023 – Fair Isaac is now covered by analysts at HSBC Holdings plc. They set a “reduce” rating and a $729.00 price target on the stock.

Fair Isaac Price Performance

Shares of FICO traded up $5.94 during trading hours on Friday, hitting $1,040.00. The stock had a trading volume of 51,303 shares, compared to its average volume of 215,371. The stock has a market capitalization of $25.70 billion, a price-to-earnings ratio of 61.43, a P/E/G ratio of 2.94 and a beta of 1.18. The company’s fifty day moving average is $903.26 and its two-hundred day moving average is $843.26. Fair Isaac Co. has a 52 week low of $568.38 and a 52 week high of $1,046.45.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 2,327 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $1,006.48, for a total value of $2,342,078.96. Following the completion of the transaction, the chief financial officer now directly owns 1,278 shares of the company’s stock, valued at $1,286,281.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Steven P. Weber sold 2,327 shares of Fair Isaac stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $1,006.48, for a total value of $2,342,078.96. Following the completion of the sale, the chief financial officer now directly owns 1,278 shares in the company, valued at $1,286,281.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eva Manolis sold 2,564 shares of Fair Isaac stock in a transaction on Friday, August 25th. The stock was sold at an average price of $852.38, for a total value of $2,185,502.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,960 shares of company stock valued at $14,757,326. 3.37% of the stock is currently owned by insiders.

Institutional Trading of Fair Isaac

Institutional investors have recently made changes to their positions in the business. Johnson Investment Counsel Inc. grew its stake in shares of Fair Isaac by 0.3% in the third quarter. Johnson Investment Counsel Inc. now owns 3,412 shares of the technology company’s stock valued at $2,963,000 after acquiring an additional 11 shares in the last quarter. KB Financial Partners LLC raised its position in shares of Fair Isaac by 26.2% in the third quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after buying an additional 11 shares in the last quarter. Huntington National Bank grew its position in Fair Isaac by 14.3% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $83,000 after buying an additional 12 shares in the last quarter. Alcosta Capital Management Inc. increased its stake in Fair Isaac by 0.4% during the 3rd quarter. Alcosta Capital Management Inc. now owns 3,291 shares of the technology company’s stock worth $2,858,000 after acquiring an additional 12 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in Fair Isaac by 34.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock valued at $36,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 85.17% of the company’s stock.

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.