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

Fair Isaac (NYSE:FICO - Get Free Report) had its price target lifted by equities research analysts at Oppenheimer from $2,293.00 to $2,300.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Oppenheimer's price target points to a potential upside of 44.97% from the stock's previous close.

Other research analysts also recently issued reports about the company. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the stock from $2,021.00 to $1,900.00 in a research note on Wednesday, May 28th. Raymond James Financial reissued an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Jefferies Financial Group restated a "buy" rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Baird R W upgraded Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Finally, Barclays cut their price objective on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $2,283.54.

Fair Isaac Stock Performance

Shares of NYSE FICO traded down $5.18 during trading on Tuesday, reaching $1,586.55. The stock had a trading volume of 566,236 shares, compared to its average volume of 202,767. Fair Isaac has a one year low of $1,484.29 and a one year high of $2,402.52. The stock has a market cap of $38.62 billion, a PE ratio of 68.33, a P/E/G ratio of 2.55 and a beta of 1.28. The firm's 50 day moving average price is $1,855.28 and its two-hundred day moving average price is $1,865.49.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $6.14 EPS. On average, research analysts expect that Fair Isaac will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has approved a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Marc F. Mcmorris sold 797 shares of the firm'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 transaction of $1,663,737.50. Following the completion of the transaction, the director owned 242 shares in the company, valued at $505,175. This trade represents a 76.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total value of $5,967,987.89. Following the completion of the sale, the chief executive officer directly owned 44,338 shares of the company's stock, valued at $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,906 shares of company stock worth $45,222,913 in the last 90 days. 3.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Fair Isaac by 94.1% during the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock worth $263,000 after acquiring an additional 64 shares in the last quarter. Assetmark Inc. raised its holdings in Fair Isaac by 33.3% during the fourth quarter. Assetmark Inc. now owns 104 shares of the technology company's stock worth $207,000 after acquiring an additional 26 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Fair Isaac during the fourth quarter worth about $261,610,000. Finally, Edgestream Partners L.P. raised its holdings in Fair Isaac by 4.4% during the fourth quarter. Edgestream Partners L.P. now owns 805 shares of the technology company's stock worth $1,603,000 after acquiring an additional 34 shares in 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.