Fair Isaac (NYSE:FICO) Given New $1,800.00 Price Target at Raymond James Financial

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Fair Isaac (NYSE:FICO - Free Report) had its price target cut by Raymond James Financial from $2,230.00 to $1,800.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other equities analysts have also recently commented on the stock. Bank of America began coverage on shares of Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 price target on the stock. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. Needham & Company LLC decreased their price objective on shares of Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Griffin Securities set a $2,000.00 price objective on shares of Fair Isaac in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $2,163.14.

Fair Isaac Trading Down 3.7%

NYSE:FICO traded down $53.25 during trading hours on Thursday, hitting $1,383.47. 798,467 shares of the stock traded hands, compared to its average volume of 435,840. The firm has a 50 day moving average price of $1,687.81 and a 200 day moving average price of $1,810.24. Fair Isaac has a fifty-two week low of $1,350.00 and a fifty-two week high of $2,402.51. The firm has a market cap of $33.20 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 2.51 and a beta of 1.28.

Fair Isaac (NYSE:FICO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same period in the previous year, the company posted $6.25 EPS. Fair Isaac's revenue was up 19.8% on a year-over-year basis. Research analysts predict that Fair Isaac will post 24.15 EPS for the current year.

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

Insider Buying and Selling

In related news, CEO William J. Lansing sold 3,811 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the completion of the sale, the chief executive officer owned 44,338 shares in the company, valued at approximately $69,432,864.62. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marc F. Mcmorris sold 797 shares of the firm's stock in a transaction dated 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 sale, the director owned 242 shares of the company's stock, valued at $505,175. This trade represents a 76.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,829 shares of company stock worth $36,836,320. Insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On Fair Isaac

Large investors have recently modified their holdings of the business. Pinnacle Holdings LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $26,000. ORG Partners LLC bought a new position in shares of Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank bought a new position in shares of Fair Isaac in the second quarter valued at approximately $27,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac during the first quarter valued at approximately $28,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Fair Isaac during the first quarter valued at approximately $30,000. Hedge funds and other 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.