Fair Isaac (NYSE:FICO) PT Raised to $2,130.00

Fair Isaac (NYSE:FICO) had its target price lifted by The Goldman Sachs Group from $1,879.00 to $2,130.00 in a research report sent to investors on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

FICO has been the subject of a number of other reports. Wells Fargo & Company increased their price objective on Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an overweight rating in a report on Tuesday, October 1st. Needham & Company LLC increased their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a sector perform rating in a research note on Thursday, August 1st. Oppenheimer started coverage on shares of Fair Isaac in a report on Tuesday, September 3rd. They issued an outperform rating and a $1,967.00 price objective for the company. Finally, Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an outperform rating and a $1,725.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $1,775.25.

Fair Isaac Stock Performance

Shares of FICO opened at $1,913.38 on Wednesday. Fair Isaac has a 1 year low of $811.99 and a 1 year high of $1,962.96. The firm has a fifty day moving average of $1,780.91 and a 200-day moving average of $1,500.13. The company has a market cap of $47.28 billion, a price-to-earnings ratio of 100.44, a price-to-earnings-growth ratio of 4.69 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The firm had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Analysts predict that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was 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 owns 575 shares of the company’s stock, valued at approximately $997,625. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The stock was 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 owns 575 shares of the company’s stock, valued at approximately $997,625. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 in the last quarter. Insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Fair Isaac by 1.3% during the 1st 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 during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the period. Principal Financial Group Inc. grew its position in Fair Isaac by 3.9% during the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after purchasing an additional 13,966 shares in the last quarter. American Century Companies Inc. increased its stake in Fair Isaac by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after buying an additional 21,768 shares during the period. Finally, Capital International Investors lifted its position in Fair Isaac by 4.5% in the 1st quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after buying an additional 7,884 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

About Fair Isaac

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.