Fair Isaac (NYSE:FICO) Given New $575.00 Price Target at Barclays

Fair Isaac (NYSE:FICOGet Rating) had its price target upped by Barclays from $535.00 to $575.00 in a research report report published on Thursday morning, The Fly reports. They currently have an overweight rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird cut Fair Isaac from an outperform rating to a neutral rating and lowered their target price for the company from $546.00 to $475.00 in a research note on Thursday, October 6th. TheStreet raised Fair Isaac from a c+ rating to a b rating in a research note on Wednesday, August 31st. Jefferies Financial Group lowered their price target on Fair Isaac from $570.00 to $545.00 in a research note on Sunday, November 6th. Finally, StockNews.com raised Fair Isaac from a hold rating to a buy rating in a research note on Saturday, November 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of Moderate Buy and a consensus price target of $597.80.

Fair Isaac Price Performance

NYSE:FICO opened at $607.57 on Thursday. Fair Isaac has a fifty-two week low of $340.48 and a fifty-two week high of $623.15. The stock’s 50-day moving average is $442.36 and its two-hundred day moving average is $429.26. The stock has a market cap of $15.17 billion, a PE ratio of 42.79 and a beta of 1.23.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently added to or reduced their stakes in FICO. CWM LLC lifted its holdings in Fair Isaac by 103.6% in the 1st quarter. CWM LLC now owns 114 shares of the technology company’s stock worth $53,000 after purchasing an additional 58 shares during the last quarter. Strs Ohio lifted its holdings in shares of Fair Isaac by 67.7% during the first quarter. Strs Ohio now owns 555 shares of the technology company’s stock worth $258,000 after buying an additional 224 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Fair Isaac by 17.9% during the first quarter. Truist Financial Corp now owns 7,670 shares of the technology company’s stock worth $3,577,000 after buying an additional 1,162 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of Fair Isaac during the first quarter worth approximately $261,000. Finally, Advisor Partners LLC acquired a new position in shares of Fair Isaac during the first quarter worth approximately $322,000. 86.95% of the stock is currently owned by institutional investors and hedge funds.

About Fair Isaac

(Get Rating)

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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