Needham & Company LLC Issues Positive Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO - Get Free Report) had its price objective upped by stock analysts at Needham & Company LLC from $2,500.00 to $2,575.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Needham & Company LLC's price objective points to a potential upside of 23.26% from the company's current price.

A number of other analysts have also recently issued reports on the company. Robert W. Baird boosted their target price on Fair Isaac from $1,775.00 to $1,837.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Jefferies Financial Group decreased their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Bank of America assumed coverage on Fair Isaac in a research report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Finally, Raymond James upped their price target on Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,274.31.

Fair Isaac Stock Down 0.8%

FICO opened at $2,089.01 on Monday. The business has a 50 day moving average price of $1,879.31 and a two-hundred day moving average price of $1,980.15. The company has a market cap of $50.85 billion, a PE ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac has a 52 week low of $1,266.72 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last released 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 net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. During the same period in the previous year, the company earned $6.14 EPS. Fair Isaac's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 now directly owns 9,974 shares in the company, valued at $20,517,016.70. This represents a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,135 shares of company stock valued at $31,505,623. Insiders own 3.46% of the company's stock.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company's stock valued at $5,463,202,000 after purchasing an additional 58,740 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after buying an additional 17,656 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Fair Isaac by 7.3% during the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company's stock valued at $722,585,000 after buying an additional 26,811 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

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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