Fair Isaac (NYSE:FICO) Price Target Raised to $2,230.00

Fair Isaac (NYSE:FICO) had its price target raised by Raymond James from $2,030.00 to $2,230.00 in a report published on Wednesday,Benzinga reports. Raymond James currently has an outperform rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Jefferies Financial Group reduced their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price for the company. Finally, UBS Group dropped their target price on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,277.46.

Fair Isaac Trading Up 2.4 %

Shares of FICO opened at $2,050.09 on Wednesday. Fair Isaac has a twelve month low of $1,176.43 and a twelve month high of $2,402.52. The firm has a market capitalization of $50.06 billion, a P/E ratio of 94.08, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The stock’s fifty day simple moving average is $1,856.90 and its 200 day simple moving average is $1,977.91.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 negative return on equity of 53.40% and a net margin of 30.66%. The company had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period last year, the business posted $6.14 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Sell-side analysts predict that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 13,058 shares of company stock valued at $23,119,030 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at about $26,000. Berbice Capital Management LLC acquired a new stake in Fair Isaac during the fourth quarter worth about $40,000. Avalon Trust Co bought a new position in Fair Isaac in the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new position in Fair Isaac in the fourth quarter valued at approximately $42,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Company Profile

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.