Raymond James Increases Fair Isaac (NYSE:FICO) Price Target to $1,418.00

Fair Isaac (NYSE:FICO) had its target price boosted by Raymond James from $1,413.00 to $1,418.00 in a research report released on Friday morning, Benzinga reports. Raymond James currently has an outperform rating on the technology company’s stock.

FICO has been the topic of several other research reports. Jefferies Financial Group boosted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Needham & Company LLC reiterated a buy rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. Barclays boosted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a research report on Friday, January 26th. Finally, Redburn Atlantic initiated 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 objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $1,182.09.

Fair Isaac Stock Performance

Shares of FICO opened at $1,110.85 on Friday. The company’s fifty day moving average is $1,237.78 and its 200 day moving average is $1,149.19. Fair Isaac has a fifty-two week low of $714.63 and a fifty-two week high of $1,349.75. The stock has a market capitalization of $27.60 billion, a PE ratio of 58.31, a P/E/G ratio of 2.65 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.11. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. The company had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. As a group, research analysts forecast that Fair Isaac will post 19.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 24,000 shares of company stock valued at $29,011,120 over the last three months. 3.54% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

Hedge funds have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Fair Isaac during the fourth quarter valued at about $35,000. DSM Capital Partners LLC purchased a new stake in shares of Fair Isaac during the fourth quarter valued at about $37,000. Headlands Technologies LLC acquired a new position in shares of Fair Isaac during the third quarter valued at about $42,000. Assetmark Inc. acquired a new position in shares of Fair Isaac during the third quarter valued at about $44,000. Finally, KB Financial Partners LLC increased its holdings in Fair Isaac by 26.2% in the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock worth $46,000 after buying an additional 11 shares during the period. 85.75% of the stock is owned by hedge funds and other 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.