Analysts Set Fair Isaac Co. (NYSE:FICO) Target Price at $1,582.58

Shares of Fair Isaac Co. (NYSE:FICO) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $1,582.58.

Several research analysts have recently commented on the company. Barclays lifted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada raised their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Oppenheimer started coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock.

Fair Isaac Price Performance

FICO opened at $1,910.81 on Friday. Fair Isaac has a 12-month low of $811.99 and a 12-month high of $1,962.83. The stock has a market capitalization of $46.85 billion, a PE ratio of 100.31, a P/E/G ratio of 4.69 and a beta of 1.34. The firm’s fifty day moving average price is $1,734.63 and its 200 day moving average price is $1,468.74.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million during the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. On average, equities research analysts forecast that Fair Isaac will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 in the last 90 days. Corporate insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently made changes to their positions in FICO. EverSource Wealth Advisors LLC increased its holdings in shares of Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after buying an additional 7 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of Fair Isaac by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after purchasing an additional 8 shares during the period. Western Financial Corp CA lifted its holdings in shares of Fair Isaac by 1.3% during the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 9 shares during the last quarter. Tortoise Investment Management LLC boosted its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Fair Isaac by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after buying an additional 10 shares during the period. 85.75% of the stock is currently owned by institutional investors.

About Fair Isaac

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.