Fair Isaac (NYSE:FICO) Sets New 1-Year High at $1,693.70

Shares of Fair Isaac Co. (NYSE:FICO) hit a new 52-week high on Wednesday . The stock traded as high as $1,693.70 and last traded at $1,693.70, with a volume of 4764 shares traded. The stock had previously closed at $1,654.99.

Analysts Set New Price Targets

Several research analysts have recently commented on FICO shares. Needham & Company LLC raised their price objective on shares of 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. Raymond James raised their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird raised their price objective on shares of 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. Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective for the company. Finally, Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,399.45.

Fair Isaac Stock Up 1.7 %

The business’s fifty day simple moving average is $1,486.82 and its two-hundred day simple moving average is $1,339.78. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 86.88, a PEG ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the transaction, the director now owns 21,118 shares in the company, valued at $26,503,090. The disclosure for this sale can be found here. Insiders have sold 16,014 shares of company stock valued at $21,888,518 in the last ninety days. 3.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently bought and sold shares of FICO. First Horizon Advisors Inc. boosted its position in shares of Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares in the last quarter. Western Financial Corp CA boosted its position in shares of Fair Isaac by 1.3% during the 2nd quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of 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 in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Fair Isaac by 0.8% during the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Fair Isaac by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock worth $407,000 after buying an additional 10 shares in the last quarter. 85.75% of the stock is currently owned by hedge funds and other 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.