Fair Isaac (NYSE:FICO) Coverage Initiated at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Fair Isaac (NYSE:FICO) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $1,120.00 price target on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 16.34% from the stock’s current price.

A number of other brokerages have also commented on FICO. Barclays lifted their price target on Fair Isaac from $920.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Needham & Company LLC lifted their price target on Fair Isaac from $900.00 to $1,100.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on Fair Isaac in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Royal Bank of Canada lifted their price objective on Fair Isaac from $685.00 to $875.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Raymond James cut their price objective on Fair Isaac from $1,007.00 to $975.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $908.40.

Fair Isaac Stock Up 2.4 %

NYSE:FICO opened at $962.70 on Wednesday. The stock’s 50-day simple moving average is $891.36 and its 200 day simple moving average is $832.90. Fair Isaac has a twelve month low of $518.26 and a twelve month high of $987.02. The firm has a market capitalization of $23.97 billion, a PE ratio of 58.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Insider Buying and Selling

In related news, Director Eva Manolis sold 2,564 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $852.38, for a total transaction of $2,185,502.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP James M. Wehmann sold 2,836 shares of Fair Isaac stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $904.38, for a total value of $2,564,821.68. Following the sale, the executive vice president now owns 44,572 shares of the company’s stock, valued at $40,310,025.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eva Manolis sold 2,564 shares of Fair Isaac stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $852.38, for a total transaction of $2,185,502.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,072 shares of company stock worth $9,791,938. 3.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Fair Isaac by 3.2% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 13,000 shares of the technology company’s stock worth $9,135,000 after acquiring an additional 400 shares during the last quarter. Ethic Inc. raised its holdings in Fair Isaac by 111.7% during the 1st quarter. Ethic Inc. now owns 944 shares of the technology company’s stock valued at $663,000 after buying an additional 498 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Fair Isaac by 34.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock worth $36,000 after purchasing an additional 13 shares during the period. Ascendant Capital Management LLC boosted its position in Fair Isaac by 7.7% during the 1st quarter. Ascendant Capital Management LLC now owns 1,400 shares of the technology company’s stock valued at $984,000 after acquiring an additional 100 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in Fair Isaac by 2.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,446 shares of the technology company’s stock valued at $17,881,000 after acquiring an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data 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. It operates through 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.