Fair Isaac (NYSE:FICO) Price Target Cut to $2,175.00 by Analysts at Jefferies Financial Group

Fair Isaac (NYSE:FICO) had its target price cut by Jefferies Financial Group from $2,275.00 to $2,175.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group cut their price target on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised 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. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,078.15.

Fair Isaac Stock Up 1.9 %

NYSE:FICO opened at $1,843.68 on Wednesday. The company has a market cap of $45.06 billion, a PE ratio of 90.16, a P/E/G ratio of 3.45 and a beta of 1.39. The business’s 50 day moving average is $2,038.35 and its two-hundred day moving average is $1,958.28. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. As a group, sell-side analysts expect that Fair Isaac will post 24.88 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the transaction, the executive vice president now directly owns 45,395 shares in the company, valued at approximately $107,760,920.75. This trade represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were 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 approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,589 shares of company stock valued at $31,258,963. Company insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently made changes to their positions in FICO. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the third quarter worth approximately $25,000. True Wealth Design LLC boosted its stake in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Fair Isaac in the 4th quarter worth $40,000. Meeder Asset Management Inc. grew its holdings in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Fair Isaac by 500.0% during the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock worth $48,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds 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.