Fair Isaac (NYSE:FICO) Shares Gap Up on Analyst Upgrade

Fair Isaac Corporation (NYSE:FICO)’s share price gapped up prior to trading on Thursday after Barclays raised their price target on the stock from $2,000.00 to $2,400.00. The stock had previously closed at $1,512.71, but opened at $1,785.50. Barclays currently has an overweight rating on the stock. Fair Isaac shares last traded at $1,884.45, with a volume of 542,035 shares trading hands.

Other research analysts have also issued research reports about the stock. Raymond James Financial dropped their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Oppenheimer dropped their price target on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a report on Thursday. Finally, UBS Group lifted their target price on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $2,130.29.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 18,032 shares of company stock valued at $28,153,015. Insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Fair Isaac by 27.0% in the 3rd quarter. GAMMA Investing LLC now owns 179 shares of the technology company’s stock valued at $268,000 after buying an additional 38 shares in the last quarter. WT Wealth Management bought a new position in Fair Isaac in the second quarter worth approximately $232,000. Osaic Holdings Inc. grew its stake in Fair Isaac by 12.5% in the second quarter. Osaic Holdings Inc. now owns 1,166 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 130 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Fair Isaac by 16.4% during the second quarter. Orion Porfolio Solutions LLC now owns 751 shares of the technology company’s stock valued at $1,373,000 after acquiring an additional 106 shares in the last quarter. Finally, Marex Group plc acquired a new position in shares of Fair Isaac during the second quarter worth approximately $249,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Performance

The business has a fifty day moving average of $1,469.68 and a 200-day moving average of $1,703.01. The company has a market capitalization of $42.75 billion, a P/E ratio of 69.67, a PEG ratio of 2.37 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping 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 firm had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same quarter in the prior year, the company posted $6.25 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.