Fair Isaac (NYSE:FICO) Price Target Raised to $2,500.00

Fair Isaac (NYSE:FICO) had its target price raised by equities researchers at Wells Fargo & Company from $2,400.00 to $2,500.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 55.52% from the stock’s previous close.

Several other analysts have also issued reports on FICO. Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Robert W. Baird upped their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Barclays boosted their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Zacks Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,084.46.

Fair Isaac Stock Down 1.0%

Shares of FICO traded down $15.70 during trading hours on Wednesday, reaching $1,607.48. The stock had a trading volume of 35,010 shares, compared to its average volume of 216,785. The firm has a 50-day moving average of $1,735.77 and a 200 day moving average of $1,618.79. The company has a market cap of $38.19 billion, a P/E ratio of 60.43, a P/E/G ratio of 1.77 and a beta of 1.30. Fair Isaac has a 52 week low of $1,300.00 and a 52 week high of $2,217.60.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the business posted $6.54 earnings per share. As a group, equities analysts expect that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Buying and Selling at Fair Isaac

In related news, Director Eva Manolis sold 521 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the transaction, the director directly owned 344 shares of the company’s stock, valued at approximately $628,085.52. This represents a 60.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 2,400 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the transaction, the chief executive officer owned 10,933 shares in the company, valued at approximately $18,945,577.04. The trade was a 18.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,347 shares of company stock valued at $7,691,229. 3.46% of the stock is currently owned by insiders.

Institutional Trading of Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of FICO. Wealthcare Advisory Partners LLC raised its stake in shares of Fair Isaac by 3.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 370 shares of the technology company’s stock valued at $626,000 after acquiring an additional 11 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Fair Isaac by 23.8% in the fourth quarter. Capital Investment Advisors LLC now owns 437 shares of the technology company’s stock valued at $739,000 after buying an additional 84 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Fair Isaac by 319.6% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,112 shares of the technology company’s stock worth $1,880,000 after purchasing an additional 847 shares during the period. Mather Group LLC. increased its holdings in Fair Isaac by 164.3% in the 4th quarter. Mather Group LLC. now owns 296 shares of the technology company’s stock worth $500,000 after buying an additional 184 shares during the period. Finally, Riverbridge Partners LLC raised its holdings in shares of Fair Isaac by 73.1% during the fourth quarter. Riverbridge Partners LLC now owns 29,900 shares of the technology company’s stock worth $50,549,000 after purchasing an additional 12,627 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

About Fair Isaac

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.