Fair Isaac (NYSE:FICO) Price Target Raised to $2,109.00 at Oppenheimer

Fair Isaac (NYSE:FICO) had its target price boosted by Oppenheimer from $1,967.00 to $2,109.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a sector perform rating in a report on Thursday, August 1st. Wolfe Research initiated 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 target on the stock. The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a buy rating in a research report on Wednesday, October 2nd. Robert W. Baird upped their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC lifted their price target on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a buy rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Fair Isaac presently has an average rating of Moderate Buy and an average target price of $1,787.08.

Fair Isaac Price Performance

Shares of FICO opened at $2,028.64 on Tuesday. The firm has a 50-day moving average of $1,821.36 and a 200-day moving average of $1,525.65. The company has a market cap of $49.74 billion, a PE ratio of 106.66, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Fair Isaac has a one year low of $811.99 and a one year high of $2,043.59.

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

Fair Isaac declared that its board has approved a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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. This represents a 0.00 % decrease in their position. 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Institutional investors and hedge funds have recently bought and sold shares of the company. Commerce Bank increased its position in Fair Isaac by 704.8% in the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after acquiring an additional 5,328 shares during the period. BNP Paribas Financial Markets raised its position in Fair Isaac by 44.5% during the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after purchasing an additional 9,094 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after buying an additional 35,263 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $1,076,268,000 after buying an additional 174,397 shares during the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Fair Isaac in the second quarter valued at about $529,000. Institutional investors and hedge funds 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.