Fair Isaac (NYSE:FICO) Given New $2,300.00 Price Target at Oppenheimer

Fair Isaac (NYSE:FICO - Get Free Report) had its price objective lifted by research analysts at Oppenheimer from $2,293.00 to $2,300.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Oppenheimer's price objective suggests a potential upside of 44.24% from the company's current price.

FICO has been the topic of a number of other reports. Barclays lowered their target price on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Jefferies Financial Group reissued a "buy" rating and issued a $2,500.00 price target (up previously from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research note on Friday, June 20th. Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Finally, Baird R W raised Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,262.38.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $108.57 during midday trading on Tuesday, reaching $1,594.60. 598,264 shares of the company traded hands, compared to its average volume of 201,752. Fair Isaac has a 52 week low of $1,484.29 and a 52 week high of $2,402.52. The stock has a 50-day moving average price of $1,871.63 and a 200 day moving average price of $1,870.80. The company has a market cap of $38.82 billion, a price-to-earnings ratio of 68.67, a PEG ratio of 3.00 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The business had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same period in the previous year, the business earned $6.14 earnings per share. The company's revenue was up 15.0% on a year-over-year basis. As a group, analysts expect that Fair Isaac will post 24.15 EPS for the current year.

Fair Isaac announced that its board has authorized a stock buyback program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Marc F. Mcmorris sold 797 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total value of $1,663,737.50. Following the completion of the sale, the director directly owned 242 shares in the company, valued at approximately $505,175. The trade was a 76.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,895 shares of company stock valued at $35,337,869 in the last quarter. Company insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FICO. Brighton Jones LLC increased its position in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock worth $958,000 after buying an additional 302 shares during the period. Jones Financial Companies Lllp increased its position in shares of Fair Isaac by 94.1% during the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock valued at $263,000 after purchasing an additional 64 shares during the period. Assetmark Inc. increased its position in shares of Fair Isaac by 33.3% during the fourth quarter. Assetmark Inc. now owns 104 shares of the technology company's stock valued at $207,000 after purchasing an additional 26 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at approximately $261,610,000. Finally, Edgestream Partners L.P. increased its position in shares of Fair Isaac by 4.4% during the fourth quarter. Edgestream Partners L.P. now owns 805 shares of the technology company's stock valued at $1,603,000 after purchasing an additional 34 shares during the period. 85.75% of the stock is 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.