Fair Isaac (NYSE:FICO) Price Target Raised to $1,234.00 at Barclays

Fair Isaac (NYSE:FICO) had its price target hoisted by Barclays from $950.00 to $1,234.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. HSBC initiated coverage on shares of Fair Isaac in a report on Friday, September 29th. They issued a reduce rating and a $729.00 price target on the stock. Wells Fargo & Company assumed coverage on Fair Isaac in a report on Wednesday, November 8th. They set an overweight rating and a $1,120.00 target price on the stock. Needham & Company LLC upped their price objective on Fair Isaac from $900.00 to $1,100.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Royal Bank of Canada reaffirmed a sector perform rating and set a $875.00 price objective on shares of Fair Isaac in a research note on Thursday, November 9th. Finally, Raymond James boosted their target price on shares of Fair Isaac from $975.00 to $1,029.00 and gave the company an outperform rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $936.80.

Fair Isaac Stock Up 1.5 %

NYSE:FICO opened at $1,027.20 on Tuesday. The company has a market capitalization of $25.38 billion, a PE ratio of 60.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18. Fair Isaac has a 52-week low of $568.38 and a 52-week high of $1,031.69. The stock has a fifty day simple moving average of $898.38 and a 200-day simple moving average of $840.66.

Insider Transactions at Fair Isaac

In related news, Director Eva Manolis sold 2,564 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $852.38, for a total value of $2,185,502.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP James M. Wehmann sold 2,836 shares of Fair Isaac stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $888.42, for a total value of $2,519,559.12. Following the transaction, the executive vice president now owns 41,736 shares in the company, valued at $37,079,097.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eva Manolis sold 2,564 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $852.38, for a total value of $2,185,502.32. The disclosure for this sale can be found here. Insiders have sold a total of 11,072 shares of company stock worth $9,791,938 in the last three months. Company insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ethic Inc. boosted its position in Fair Isaac by 111.7% during the 1st quarter. Ethic Inc. now owns 944 shares of the technology company’s stock worth $663,000 after purchasing an additional 498 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Fair Isaac by 34.2% in the first quarter. Raleigh Capital Management Inc. now owns 51 shares of the technology company’s stock valued at $36,000 after buying an additional 13 shares in the last quarter. Ascendant Capital Management LLC raised its holdings in shares of 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 buying an additional 100 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted 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 worth $17,881,000 after acquiring an additional 670 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Fair Isaac by 11.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 541 shares of the technology company’s stock worth $438,000 after acquiring an additional 56 shares during the period. 85.17% of the stock is owned by institutional investors and hedge funds.

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.