Barclays Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO - Get Free Report) had its price target dropped by analysts at Barclays from $2,250.00 to $2,000.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price indicates a potential upside of 29.81% from the stock's current price.

A number of other equities research analysts have also issued reports on the stock. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and cut their target price for the company from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,575.00 price objective on shares of Fair Isaac in a report on Friday, June 20th. Finally, Bank of America initiated coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price objective on the stock. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $2,263.29.

Fair Isaac Price Performance

FICO stock traded down $43.68 during trading on Wednesday, reaching $1,540.70. 379,480 shares of the stock traded hands, compared to its average volume of 203,702. The business's 50 day moving average price is $1,845.09 and its 200-day moving average price is $1,861.59. The firm has a market capitalization of $37.50 billion, a PE ratio of 66.35, a P/E/G ratio of 2.54 and a beta of 1.28. Fair Isaac has a 52-week low of $1,484.29 and a 52-week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $6.14 earnings per share. On average, equities research analysts predict that Fair Isaac will post 24.15 earnings per share for the current year.

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

Insider Transactions at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the firm's stock in a transaction dated 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 owned 9,974 shares of the company's stock, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. The trade was a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,906 shares of company stock worth $45,222,913 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Fair Isaac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fair Isaac by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company's stock valued at $1,518,803,000 after purchasing an additional 3,677 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fair Isaac by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after purchasing an additional 5,371 shares during the period. Geode Capital Management LLC boosted its position in shares of Fair Isaac by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after purchasing an additional 17,656 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Fair Isaac by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock worth $722,585,000 after purchasing an additional 26,811 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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.