Raymond James Boosts Fair Isaac (NYSE:FICO) Price Target to $2,230.00

Fair Isaac (NYSE:FICO - Get Free Report) had its price target lifted by analysts at Raymond James from $2,030.00 to $2,230.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Raymond James' target price indicates a potential upside of 14.33% from the company's current price.

A number of other analysts have also commented on FICO. Jefferies Financial Group reduced their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Bank of America initiated coverage on Fair Isaac in a research report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price on the stock. 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 research report on Friday, April 4th. Robert W. Baird dropped their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,272.69.

Fair Isaac Stock Up 0.4 %

Fair Isaac stock opened at $1,950.51 on Wednesday. Fair Isaac has a twelve month low of $1,131.03 and a twelve month high of $2,402.52. The firm has a 50 day moving average price of $1,840.79 and a 200-day moving average price of $1,978.31. The company has a market capitalization of $47.63 billion, a P/E ratio of 89.51, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $498.74 million for the quarter, compared to analysts' expectations of $500.45 million. During the same quarter last year, the company earned $6.14 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. Equities analysts expect that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 13,058 shares of company stock valued at $23,119,030 in the last ninety days. Insiders own 3.46% of the company's stock.

Institutional Trading of Fair Isaac

A number of institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock valued at $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Barclays PLC boosted its holdings in Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock worth $117,624,000 after acquiring an additional 12,038 shares during the period. Morse Asset Management Inc boosted its holdings in Fair Isaac by 7.3% in the 3rd quarter. Morse Asset Management Inc now owns 427 shares of the technology company's stock worth $830,000 after acquiring an additional 29 shares during the period. Anchor Investment Management LLC boosted its holdings in Fair Isaac by 204.0% in the 3rd quarter. Anchor Investment Management LLC now owns 76 shares of the technology company's stock worth $148,000 after acquiring an additional 51 shares during the period. Finally, World Investment Advisors LLC purchased a new position in Fair Isaac in the 3rd quarter worth approximately $290,000. 85.75% of the stock is currently owned by hedge funds and other 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.

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