Fair Isaac (NYSE:FICO) Price Target Raised to $2,400.00

Key Points

• Barclays has raised the price target for Fair Isaac (NYSE:FICO) from $2,000 to $2,400, indicating a potential upside of 58.26% from the stock's previous close and maintaining an "overweight" rating.
• Recent quarterly earnings showed Fair Isaac reported an EPS of $8.57, surpassing analysts' estimates of $7.75, with revenue up 19.8% year-over-year at $536.42 million.
• Fair Isaac's Board of Directors has launched a stock buyback program, authorizing the purchase of up to $1 billion in shares, signifying a belief that the stock is undervalued.

Fair Isaac (NYSE:FICO - Get Free Report) had its price target hoisted by analysts at Barclays from $2,000.00 to $2,400.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. Barclays's price objective indicates a potential upside of 58.26% from the company's previous close.

A number of other research firms have also issued reports on FICO. Oppenheimer lowered their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Raymond James Financial lowered their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. BMO Capital Markets lifted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an "outperform" rating in a report on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday. Finally, UBS Group lifted their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Fair Isaac has a consensus rating of "Buy" and a consensus target price of $2,130.29.

Fair Isaac Stock Performance

FICO opened at $1,516.52 on Thursday. Fair Isaac has a one year low of $1,300.00 and a one year high of $2,402.51. The business's 50-day simple moving average is $1,464.77 and its 200-day simple moving average is $1,703.46. The stock has a market capitalization of $36.40 billion, a P/E ratio of 59.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.36.

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

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, CEO William J. Lansing sold 6,011 shares of Fair Isaac stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 18,032 shares of company stock worth $28,153,015. Insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Edgewood Management LLC purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $612,785,000. Norges Bank purchased a new stake in shares of Fair Isaac during the 2nd quarter valued at $365,831,000. Brown Advisory Inc. grew its stake in shares of Fair Isaac by 2,047.5% during the 2nd quarter. Brown Advisory Inc. now owns 99,387 shares of the technology company's stock valued at $181,676,000 after buying an additional 94,759 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fair Isaac by 29.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company's stock valued at $584,193,000 after buying an additional 72,518 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Fair Isaac during the 1st quarter valued at $114,864,000. 85.75% of the stock is currently 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.

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