Fair Isaac (NYSE:FICO) Price Target Lowered to $2,600.00 at Wells Fargo & Company

Fair Isaac (NYSE:FICO) had its price target cut by stock analysts at Wells Fargo & Company from $2,650.00 to $2,600.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 48.74% from the stock’s current price.

Other analysts have also issued reports about the company. Oppenheimer dropped their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Finally, Robert W. Baird reduced their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Performance

FICO traded down $61.70 during mid-day trading on Wednesday, reaching $1,748.00. 174,701 shares of the stock were exchanged, compared to its average volume of 220,656. The company has a 50 day moving average price of $2,048.56 and a two-hundred day moving average price of $1,959.08. The stock has a market capitalization of $42.72 billion, a PE ratio of 85.48, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. Fair Isaac has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. Sell-side analysts expect that Fair Isaac will post 24.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock worth $31,258,963 over the last 90 days. Corporate insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Fair Isaac in the 3rd quarter worth about $25,000. True Wealth Design LLC increased its position in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. lifted its position in Fair Isaac by 37.5% during 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 last quarter. Finally, Versant Capital Management Inc grew its stake in Fair Isaac by 500.0% in the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.