Fair Isaac (NYSE:FICO) Price Target Raised to $2,350.00

Fair Isaac (NYSE:FICO) had its price target increased by equities researchers at Barclays from $2,150.00 to $2,350.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 0.76% from the stock’s current price.

FICO has been the subject of a number of other reports. Needham & Company LLC lifted their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird upped their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $156.19 during mid-day trading on Thursday, reaching $2,332.29. The company had a trading volume of 275,985 shares, compared to its average volume of 154,391. The stock has a market capitalization of $57.19 billion, a PE ratio of 113.94, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35. The stock’s 50 day moving average is $1,947.74 and its 200-day moving average is $1,641.34. Fair Isaac has a twelve month low of $900.01 and a twelve month high of $2,351.98.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.10). The firm had revenue of $453.81 million for the quarter, compared to the consensus estimate of $454.78 million. Fair Isaac had a net margin of 29.86% and a negative return on equity of 63.35%. On average, sell-side analysts anticipate that Fair Isaac will post 24.74 EPS for the current year.

Fair Isaac declared that its board has approved a share repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $9,895,392.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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 added to or reduced their stakes in the business. Norden Group LLC purchased a new position in Fair Isaac during the first quarter worth $472,000. Quent Capital LLC raised its stake in Fair Isaac by 11.4% in the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock valued at $292,000 after buying an additional 24 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Fair Isaac by 0.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 5,139 shares of the technology company’s stock worth $6,422,000 after purchasing an additional 34 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Fair Isaac by 1.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,666 shares of the technology company’s stock valued at $4,581,000 after acquiring an additional 52 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Fair Isaac by 14.3% in the first quarter. Empowered Funds LLC now owns 5,814 shares of the technology company’s stock worth $7,265,000 after acquiring an additional 726 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Company Profile

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.