Oppenheimer Lowers Fair Isaac (NYSE:FICO) Price Target to $2,409.00

Fair Isaac (NYSE:FICO) had its target price lowered by Oppenheimer from $2,515.00 to $2,409.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other analysts have also recently issued reports on the company. Needham & Company LLC increased their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Barclays boosted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Finally, UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $2,024.31.

Fair Isaac Stock Performance

Shares of Fair Isaac stock opened at $1,936.87 on Tuesday. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The company has a market capitalization of $47.16 billion, a P/E ratio of 94.71, a P/E/G ratio of 4.00 and a beta of 1.36. The company has a fifty day moving average of $2,181.82 and a 200 day moving average of $1,909.01.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares of the company’s stock, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,450 shares of company stock valued at $30,985,908 over the last ninety days. 3.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FICO. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter valued at about $25,000. True Wealth Design LLC raised its stake in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Versant Capital Management Inc grew its stake in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.