Analysts Set Fair Isaac Co. (NYSE:FICO) Price Target at $2,304.15

Shares of Fair Isaac Co. (NYSE:FICO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $2,304.15.

FICO has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price objective (up from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Oppenheimer boosted their price objective on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC upped their price objective on Fair Isaac from $2,500.00 to $2,575.00 and gave the company a "buy" rating in a report on Monday, May 12th.

Fair Isaac Stock Up 2.7%

FICO stock traded up $44.85 during trading on Thursday, reaching $1,729.85. 446,471 shares of the company's stock were exchanged, compared to its average volume of 188,782. Fair Isaac has a 1-year low of $1,266.72 and a 1-year high of $2,402.52. The firm has a market cap of $42.11 billion, a PE ratio of 79.39, a P/E/G ratio of 3.27 and a beta of 1.40. The company's fifty day moving average price is $1,899.42 and its 200-day moving average price is $1,960.03.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Fair Isaac's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.14 EPS. As a group, sell-side analysts expect that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 592 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $2,170.34, for a total transaction of $1,284,841.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $91,453,786.92. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the transaction, the executive vice president now directly owns 9,974 shares in the company, valued at approximately $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock worth $35,250,629 in the last quarter. 3.46% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

Large investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its holdings in shares of Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Fair Isaac in the 4th quarter worth about $26,000. Geo Capital Gestora de Recursos Ltd acquired a new stake in shares of Fair Isaac during the first quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in Fair Isaac during the first quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. grew its position in Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after purchasing an additional 5 shares in the last quarter. 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.