Wells Fargo & Company Issues Positive Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price target increased by Wells Fargo & Company from $2,400.00 to $2,500.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,900.00 to $1,960.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research lowered Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Jefferies Financial Group lowered their price target on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,084.46.

Fair Isaac Stock Down 0.4%

Shares of NYSE:FICO opened at $1,615.95 on Wednesday. The company has a market cap of $38.40 billion, a P/E ratio of 60.86, a P/E/G ratio of 1.76 and a beta of 1.30. The business has a fifty day simple moving average of $1,735.48 and a 200-day simple moving average of $1,618.77. Fair Isaac has a 52 week low of $1,300.00 and a 52 week high of $2,217.60.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.36 by $0.38. The firm had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $6.54 EPS. Sell-side analysts expect that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,400 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $1,732.88, for a total value of $4,158,912.00. Following the completion of the sale, the chief executive officer directly owned 10,933 shares in the company, valued at approximately $18,945,577.04. This represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the transaction, the director directly owned 344 shares in the company, valued at $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,347 shares of company stock valued at $7,691,229. Company insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Heartland Bank & Trust Co grew its position in Fair Isaac by 1.3% in the third quarter. Heartland Bank & Trust Co now owns 464 shares of the technology company’s stock valued at $694,000 after acquiring an additional 6 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Fair Isaac by 4.6% in the third quarter. GW&K Investment Management LLC now owns 136 shares of the technology company’s stock valued at $204,000 after purchasing an additional 6 shares during the period. Great Lakes Advisors LLC grew its holdings in Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after purchasing an additional 6 shares in the last quarter. San Luis Wealth Advisors LLC increased its stake in Fair Isaac by 2.8% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 253 shares of the technology company’s stock worth $379,000 after buying an additional 7 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in Fair Isaac by 1.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock worth $1,437,000 after buying an additional 8 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.