Fair Isaac (NYSE:FICO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Fair Isaac (NYSE:FICO) had its target price raised by research analysts at Robert W. Baird from $1,700.00 to $2,000.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential downside of 14.25% from the stock’s current price.

FICO has been the subject of a number of other research reports. Oppenheimer boosted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group began coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Stock Up 7.2 %

Shares of NYSE:FICO opened at $2,332.29 on Thursday. The company’s fifty day simple moving average is $1,947.74 and its 200 day simple moving average is $1,641.34. Fair Isaac has a 12 month low of $900.01 and a 12 month high of $2,351.98. The firm has a market cap of $57.19 billion, a price-to-earnings ratio of 113.94, a PEG ratio of 3.87 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.10). The company had revenue of $453.81 million for the quarter, compared to analyst estimates of $454.78 million. Fair Isaac had a negative return on equity of 63.35% and a net margin of 29.86%. Research analysts expect that Fair Isaac will post 24.74 earnings per share for the current fiscal year.

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

Insider Transactions at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently made changes to their positions in the business. Heritage Family Offices LLP lifted its holdings in Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after purchasing an additional 6 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after purchasing an additional 6 shares in the last quarter. Covestor Ltd grew its stake in Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

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.