Robert W. Baird Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price target dropped by analysts at Robert W. Baird from $1,975.00 to $1,775.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective points to a potential upside of 1.64% from the company’s previous close.

A number of other research analysts have also recently issued reports on FICO. The Goldman Sachs Group lifted their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer dropped their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus price target of $2,062.77.

Fair Isaac Trading Down 3.5 %

FICO stock traded down $63.36 during midday trading on Wednesday, hitting $1,746.34. The stock had a trading volume of 133,005 shares, compared to its average volume of 219,557. The firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of 85.31, a P/E/G ratio of 3.45 and a beta of 1.39. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The stock has a 50-day simple moving average of $2,048.56 and a 200 day simple moving average of $1,959.08.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 29.86% and a negative return on equity of 59.47%. On average, equities analysts forecast that Fair Isaac will post 24.88 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other news, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at $520,921.94. This trade represents a 68.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,589 shares of company stock valued at $31,258,963. 3.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. State Street Corp raised its position in Fair Isaac by 0.5% in the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock valued at $2,031,299,000 after purchasing an additional 5,472 shares during the period. JPMorgan Chase & Co. increased its holdings in Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after buying an additional 7,466 shares during the last quarter. Geode Capital Management LLC lifted its position in Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after purchasing an additional 6,510 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. Institutional investors own 85.75% of the company’s stock.

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.