Fair Isaac (NYSE:FICO) Given New $1,800.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets raised its target price for Fair Isaac (NYSE:FICO) from $1,650 to $1,800, indicating a potential upside of 34.13% from the stock's previous close and maintaining an "outperform" rating.
• Fair Isaac reported $8.57 earnings per share for the last quarter, surpassing the consensus estimate of $7.75, and saw a revenue increase of 19.8% year-over-year.
• The company has authorized a $1 billion stock repurchase plan, reflecting management's belief that its shares are undervalued.

Fair Isaac (NYSE:FICO - Free Report) had its target price boosted by BMO Capital Markets from $1,650.00 to $1,800.00 in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has an outperform rating on the technology company's stock.

Other analysts have also issued reports about the stock. Griffin Securities set a $2,000.00 price target on shares of Fair Isaac in a research note on Wednesday, July 9th. Oppenheimer cut their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Raymond James Financial cut their target price on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC cut their target price on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2,134.57.

Fair Isaac Stock Performance

Shares of NYSE:FICO traded up $50.8630 during trading on Monday, reaching $1,412.5830. The company had a trading volume of 275,299 shares, compared to its average volume of 268,916. The firm's fifty day moving average is $1,581.64 and its 200 day moving average is $1,760.99. The firm has a market capitalization of $33.91 billion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. Fair Isaac has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts' consensus estimates of $7.75 by $0.82. The company had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts predict that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has approved a stock buyback plan on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This represents a 7.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,021 shares of company stock valued at $22,247,892. 3.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in Fair Isaac in the 2nd quarter valued at approximately $27,000. Hilltop National Bank acquired a new position in Fair Isaac in the 2nd quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd acquired a new position in Fair Isaac in the 1st quarter valued at approximately $28,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Fair Isaac in the 1st quarter valued at approximately $30,000. 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.