Fair Isaac (NYSE:FICO) Price Target Raised to $2,575.00

Fair Isaac (NYSE:FICO) had its price target raised by Needham & Company LLC from $2,500.00 to $2,575.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

FICO has been the subject of a number of other research reports. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Bank of America assumed coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Robert W. Baird upped their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Finally, Oppenheimer increased their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,299.31.

Fair Isaac Price Performance

Shares of FICO opened at $2,128.25 on Monday. The company’s 50-day moving average is $1,896.63 and its 200-day moving average is $1,983.13. The firm has a market capitalization of $51.81 billion, a PE ratio of 97.67, a PEG ratio of 3.27 and a beta of 1.40. Fair Isaac has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating analysts’ consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.14 EPS. Analysts predict that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, EVP Thomas A. Bowers sold 4,077 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the sale, the executive vice president now owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $72,801,401.22. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,922 shares of company stock valued at $22,325,938 over the last three months. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Hedge funds have recently made changes to their positions in the business. Nebula Research & Development LLC purchased a new position in shares of Fair Isaac in the fourth quarter valued at about $2,540,000. Donoghue Forlines LLC purchased a new position in Fair Isaac in the fourth quarter worth about $1,935,000. Czech National Bank boosted its stake in Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company’s stock valued at $10,512,000 after purchasing an additional 286 shares during the last quarter. Barclays PLC raised its position in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after buying an additional 12,038 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in Fair Isaac by 168.7% during the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock valued at $958,000 after purchasing an additional 302 shares during the period. 85.75% of the stock is currently owned by 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.