Brokerages Set Fair Isaac Co. (NYSE:FICO) Target Price at $1,180.45

Fair Isaac Co. (NYSE:FICO) has been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $1,182.09.

Several equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Monday, April 22nd. Jefferies Financial Group upped their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a report on Friday, January 26th. Raymond James upped their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price target on the stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,110.85 on Wednesday. The firm has a market capitalization of $27.60 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company’s fifty day moving average price is $1,237.78 and its two-hundred day moving average price is $1,149.19. Fair Isaac has a 52-week low of $714.63 and a 52-week high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. Analysts predict that Fair Isaac will post 19.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 24,000 shares of company stock worth $29,011,120. Company insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds have recently modified their holdings of FICO. CWM LLC raised its position in shares of Fair Isaac by 8.1% in the 3rd quarter. CWM LLC now owns 174 shares of the technology company’s stock valued at $151,000 after acquiring an additional 13 shares during the period. Global Retirement Partners LLC raised its position in shares of Fair Isaac by 154.8% in the 3rd quarter. Global Retirement Partners LLC now owns 186 shares of the technology company’s stock valued at $160,000 after acquiring an additional 113 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at approximately $568,000. Exchange Traded Concepts LLC raised its position in shares of Fair Isaac by 30.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,162 shares of the technology company’s stock valued at $1,878,000 after acquiring an additional 500 shares during the period. Finally, Hanlon Investment Management Inc. raised its position in shares of Fair Isaac by 15.3% in the 3rd quarter. Hanlon Investment Management Inc. now owns 362 shares of the technology company’s stock valued at $314,000 after acquiring an additional 48 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.