Fair Isaac (NYSE:FICO) Price Target Raised to $1,590.00

Key Points

• UBS Group raised its price target for Fair Isaac from $1,540.00 to $1,590.00, indicating a potential upside of 3.61% from its current price.
• The company reported $8.57 earnings per share, exceeding analyst estimates by $0.82, and its quarterly revenue increased by 19.8% year-over-year.
• Fair Isaac's board has authorized a $1 billion stock buyback plan, reflecting management's confidence in the stock's valuation.

Fair Isaac (NYSE:FICO - Get Free Report) had its price target upped by analysts at UBS Group from $1,540.00 to $1,590.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's target price indicates a potential upside of 3.61% from the company's current price.

A number of other equities research analysts also recently issued reports on FICO. Baird R W raised shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Griffin Securities set a $1,800.00 target price on shares of Fair Isaac in a report on Monday, August 18th. Raymond James Financial dropped 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 report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Oppenheimer dropped their price objective on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $2,098.14.

Fair Isaac Trading Up 1.0%

Shares of FICO opened at $1,534.60 on Monday. The firm has a market cap of $36.83 billion, a PE ratio of 60.02, a P/E/G ratio of 2.98 and a beta of 1.35. The firm has a fifty day simple moving average of $1,506.98 and a two-hundred day simple moving average of $1,735.51. Fair Isaac has a 1-year low of $1,300.00 and a 1-year high of $2,402.51.

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

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

Insider Activity

In other news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $1,501.84, for a total transaction of $9,026,058.40. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $63,284,533.92. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 18,031 shares of company stock worth $29,535,700. 3.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in shares of Fair Isaac during the second quarter valued at approximately $26,000. Geo Capital Gestora de Recursos Ltd purchased a new position in shares of Fair Isaac in the first quarter worth $28,000. ORG Partners LLC purchased a new position in shares of Fair Isaac in the second quarter worth $27,000. Hilltop National Bank purchased a new position in shares of Fair Isaac in the second quarter worth $27,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Fair Isaac during the first quarter worth $30,000. 85.75% of the stock is owned by hedge funds and other 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.

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