Robert W. Baird Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its target price lifted by analysts at Robert W. Baird from $1,700.00 to $2,000.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price would indicate a potential downside of 7.54% from the stock’s previous close.

Several other analysts have also weighed in on the company. The Goldman Sachs Group lifted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group assumed coverage on Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Barclays boosted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,910.75.

Fair Isaac Stock Performance

Shares of FICO stock traded up $72.50 during trading hours on Thursday, hitting $2,163.13. 141,511 shares of the company were exchanged, compared to its average volume of 169,846. The stock has a market capitalization of $53.04 billion, a price-to-earnings ratio of 112.09, a P/E/G ratio of 3.68 and a beta of 1.35. The business’s 50-day simple moving average is $1,926.47 and its two-hundred day simple moving average is $1,629.35. Fair Isaac has a one year low of $900.01 and a one year high of $2,173.84.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.44 by ($0.10). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The company had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. As a group, analysts anticipate that Fair Isaac will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,761 shares of company stock worth $15,200,560. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Swedbank AB raised its position in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the last quarter. Vanguard Group Inc. boosted its stake in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of Fair Isaac during the second quarter valued at about $529,000. Finally, SG Americas Securities LLC grew its stake in shares of Fair Isaac by 327.1% in the 1st quarter. SG Americas Securities LLC now owns 9,985 shares of the technology company’s stock valued at $12,477,000 after buying an additional 7,647 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

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.