Fair Isaac (NYSE:FICO) Price Target Cut to $1,650.00 by Analysts at Wells Fargo & Company

Fair Isaac (NYSE:FICOFree Report) had its price objective decreased by Wells Fargo & Company from $2,300.00 to $1,650.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

FICO has been the subject of several other reports. Barclays decreased their target price on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Mizuho assumed coverage on shares of Fair Isaac in a research note on Thursday, April 16th. They issued an “outperform” rating and a $1,416.00 target price for the company. Robert W. Baird decreased their target price on shares of Fair Isaac from $1,960.00 to $1,547.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Needham & Company LLC reaffirmed a “buy” rating on shares of Fair Isaac in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fair Isaac in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,742.43.

View Our Latest Research Report on FICO

Fair Isaac Trading Up 1.0%

NYSE:FICO opened at $979.94 on Thursday. Fair Isaac has a 1-year low of $870.01 and a 1-year high of $2,217.60. The firm has a fifty day simple moving average of $1,177.92 and a 200 day simple moving average of $1,489.79. The stock has a market capitalization of $23.24 billion, a PE ratio of 36.27, a P/E/G ratio of 0.93 and a beta of 1.38.

Fair Isaac (NYSE:FICOGet Free Report) last released its earnings results on Wednesday, January 28th. The technology company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.25. Fair Isaac had a net margin of 31.89% and a negative return on equity of 40.98%. The business had revenue of $766.00 million during the quarter, compared to analysts’ expectations of $501.05 million. During the same period last year, the business earned $5.79 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. On average, equities analysts predict that Fair Isaac will post 36.45 earnings per share for the current fiscal year.

Fair Isaac announced that its board has authorized a share buyback program on Wednesday, February 25th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Eva Manolis sold 520 shares of Fair Isaac stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,227.63, for a total transaction of $638,367.60. Following the completion of the sale, the director owned 344 shares of the company’s stock, valued at approximately $422,304.72. This trade represents a 60.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 358 shares of Fair Isaac stock in a transaction on Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total value of $486,880.00. Following the sale, the director directly owned 11,204 shares of the company’s stock, valued at $15,237,440. This represents a 3.10% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently modified their holdings of FICO. Bayban acquired a new stake in shares of Fair Isaac during the fourth quarter worth $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company’s stock worth $27,000 after buying an additional 10 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Fair Isaac by 66.7% during the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 8 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Fair Isaac during the third quarter worth $30,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Fair Isaac by 280.0% during the third quarter. Cornerstone Planning Group LLC now owns 19 shares of the technology company’s stock worth $30,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac News Roundup

Here are the key news stories impacting Fair Isaac this week:

Fair Isaac Company Profile

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Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.

Further Reading

Analyst Recommendations for Fair Isaac (NYSE:FICO)

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