Brokerages Set Fair Isaac Co. (NYSE:FICO) Target Price at $1,787.08

Shares of Fair Isaac Co. (NYSE:FICO) have received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $1,787.08.

A number of research analysts have issued reports on the company. Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Robert W. Baird boosted their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th.

Fair Isaac Stock Up 1.7 %

FICO stock opened at $2,027.82 on Wednesday. The company has a market cap of $50.11 billion, a P/E ratio of 106.45, a PEG ratio of 3.78 and a beta of 1.35. Fair Isaac has a twelve month low of $811.99 and a twelve month high of $2,103.70. The business has a fifty day moving average of $1,863.22 and a 200-day moving average of $1,562.45.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. As a group, equities research analysts anticipate that Fair Isaac will post 19.33 earnings per share for the current fiscal year.

Fair Isaac announced that its board has initiated a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now owns 13,002 shares in the company, valued at $22,065,174.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,261 shares of company stock worth $26,291,370. Corporate insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new stake in Fair Isaac in the first quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Fair Isaac during the 1st quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Fair Isaac during the 2nd quarter worth approximately $34,000. Institutional investors own 85.75% of the company’s stock.

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.