Fair Isaac (NYSE:FICO - Get Free Report) had its target price lifted by investment analysts at Robert W. Baird from $1,775.00 to $1,837.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Robert W. Baird's price target points to a potential downside of 10.39% from the stock's previous close.
Other analysts have also recently issued research reports about the stock. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Oppenheimer dropped their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Barclays lowered their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $2,500.00 price objective on shares of Fair Isaac in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $2,277.46.
View Our Latest Research Report on Fair Isaac
Fair Isaac Stock Up 2.4 %
Fair Isaac stock traded up $48.41 during trading hours on Wednesday, hitting $2,050.09. The stock had a trading volume of 204,427 shares, compared to its average volume of 178,708. Fair Isaac has a fifty-two week low of $1,204.03 and a fifty-two week high of $2,402.52. The company has a market cap of $49.90 billion, a PE ratio of 94.08, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The company has a 50-day moving average of $1,856.90 and a two-hundred day moving average of $1,977.39.
Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same period last year, the business earned $6.14 earnings per share. Fair Isaac's quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts forecast that Fair Isaac will post 24.15 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO William J. Lansing sold 4,092 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 13,058 shares of company stock valued at $23,119,030. Insiders own 3.46% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of FICO. Rakuten Securities Inc. lifted its stake 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 acquiring an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in Fair Isaac during the 4th quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in shares of Fair Isaac in the 4th quarter valued at about $40,000. Avalon Trust Co bought a new position in shares of Fair Isaac in the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $42,000. 85.75% of the stock is currently owned by institutional investors.
Fair Isaac Company Profile
(
Get Free Report)
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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