Jefferies Financial Group Lowers Fair Isaac (NYSE:FICO) Price Target to $2,175.00

Fair Isaac (NYSE:FICO) had its target price decreased by stock analysts at Jefferies Financial Group from $2,275.00 to $2,175.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 20.17% from the company’s current price.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,080.08.

Fair Isaac Stock Down 1.0 %

Fair Isaac stock opened at $1,809.87 on Wednesday. The business has a 50-day simple moving average of $2,048.56 and a 200 day simple moving average of $1,959.08. The stock has a market cap of $44.23 billion, a price-to-earnings ratio of 88.50, a PEG ratio of 3.45 and a beta of 1.39. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. On average, research analysts anticipate that Fair Isaac will post 24.88 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,589 shares of company stock valued at $31,258,963. 3.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Fair Isaac by 0.5% in the third quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after acquiring an additional 7,466 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Fair Isaac by 1.0% in the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after acquiring an additional 6,510 shares during the period. International Assets Investment Management LLC grew its position in shares of Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the period. 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.