Fair Isaac (NYSE:FICO) Price Target Increased to $2,200.00 by Analysts at Wells Fargo & Company

Fair Isaac (NYSE:FICO) had its price target increased by Wells Fargo & Company from $2,100.00 to $2,200.00 in a report published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Barclays raised 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. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday. They set a neutral rating and a $2,100.00 target price on the stock. Robert W. Baird increased their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a neutral rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a sector perform rating in a research report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an outperform rating and a $1,725.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $1,775.25.

Fair Isaac Trading Down 0.1 %

Shares of NYSE FICO opened at $1,937.15 on Tuesday. The firm has a fifty day simple moving average of $1,767.57 and a two-hundred day simple moving average of $1,492.25. Fair Isaac has a 12 month low of $811.99 and a 12 month high of $1,962.96. The firm has a market capitalization of $47.87 billion, a PE ratio of 101.69, a price-to-earnings-growth ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, sell-side analysts predict that Fair Isaac will post 19.19 earnings per share for the current year.

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

Insider Buying and Selling

In other news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was 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. In the last ninety days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently made changes to their positions in FICO. Commerce Bank grew its position in Fair Isaac by 704.8% during the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after buying an additional 5,328 shares during the period. Seven Eight Capital LP grew its position in shares of Fair Isaac by 140.0% during the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after acquiring an additional 840 shares during the period. BNP Paribas Financial Markets grew its position in shares of Fair Isaac by 44.5% during the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after acquiring an additional 9,094 shares during the period. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the period. Hedge funds and other 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.