Fair Isaac (NYSE:FICO) Stock Price Expected to Rise, Oppenheimer Analyst Says

Fair Isaac (NYSE:FICO - Get Free Report) had its target price boosted by research analysts at Oppenheimer from $2,293.00 to $2,300.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Oppenheimer's price target suggests a potential upside of 49.40% from the stock's previous close.

FICO has been the subject of a number of other reports. Barclays reduced their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a research note on Friday, June 20th. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price for the company. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 target price (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $2,263.29.

Fair Isaac Stock Performance

Shares of FICO stock traded down $44.92 during trading on Tuesday, hitting $1,539.46. 253,911 shares of the company were exchanged, compared to its average volume of 203,054. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 66.40, a P/E/G ratio of 2.55 and a beta of 1.28. The business's 50-day simple moving average is $1,855.28 and its 200 day simple moving average is $1,865.49. Fair Isaac has a twelve month low of $1,484.29 and a twelve month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly 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. The business had revenue of $498.74 million during the quarter, compared to analysts' expectations of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $6.14 earnings per share. On average, equities analysts forecast that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer owned 1,862 shares of the company's stock, valued at $3,236,621.50. The trade was a 34.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 4,077 shares of the company'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 sale, the executive vice president directly owned 9,974 shares in the company, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,906 shares of company stock worth $45,222,913. Corporate insiders own 3.46% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after acquiring an additional 5 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of Fair Isaac by 4.6% in the first quarter. Baker Avenue Asset Management LP now owns 113 shares of the technology company's stock valued at $209,000 after acquiring an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of Fair Isaac by 1.0% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company's stock valued at $1,210,000 after acquiring an additional 6 shares during the last quarter. City Holding Co. raised its stake in shares of Fair Isaac by 11.3% in the first quarter. City Holding Co. now owns 59 shares of the technology company's stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Fair Isaac by 4.4% in the first quarter. Valeo Financial Advisors LLC now owns 142 shares of the technology company's stock valued at $262,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company's stock.

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.