Oppenheimer Boosts Fair Isaac (NYSE:FICO) Price Target to $2,300.00

Fair Isaac (NYSE:FICO - Get Free Report) had its target price upped by equities research analysts at Oppenheimer from $2,293.00 to $2,300.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Oppenheimer's price objective would indicate a potential upside of 43.26% from the company's previous close.

FICO has been the topic of several other research reports. Barclays reduced their price target on shares of 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. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Bank of America started coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price target for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Two investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,283.54.

Fair Isaac Price Performance

Shares of FICO traded up $13.73 during trading hours on Tuesday, hitting $1,605.46. The stock had a trading volume of 63,992 shares, compared to its average volume of 200,823. The company's fifty day moving average is $1,863.71 and its two-hundred day moving average is $1,868.89. Fair Isaac has a 52 week low of $1,484.29 and a 52 week high of $2,402.52. The stock has a market capitalization of $39.08 billion, a price-to-earnings ratio of 69.08, a P/E/G ratio of 2.73 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $500.45 million. During the same quarter in the prior year, the firm earned $6.14 EPS. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that Fair Isaac will post 24.15 EPS for the current fiscal year.

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

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 797 shares of the 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 transaction of $1,663,737.50. Following the completion of the sale, the director directly owned 242 shares of the company's stock, valued at approximately $505,175. This represents a 76.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 6,010 shares of the 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 sale, the chief executive officer directly owned 42,138 shares of the company's stock, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,895 shares of company stock valued at $35,337,869 in the last quarter. 3.46% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock worth $476,129,000 after acquiring an additional 258,092 shares in the last quarter. Norges Bank bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $442,369,000. Wealthfront Advisers LLC grew its stake in shares of Fair Isaac by 5,217.6% during the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company's stock worth $292,728,000 after acquiring an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Fair Isaac during the 4th quarter worth approximately $261,610,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company's stock worth $321,790,000 after acquiring an additional 127,679 shares in the last quarter. 85.75% of the stock is owned by 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.