Jefferies Financial Group Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its target price raised by Jefferies Financial Group from $2,250.00 to $2,275.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on FICO. Oppenheimer decreased their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC boosted their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and an average price target of $2,087.77.

Fair Isaac Price Performance

Shares of FICO opened at $2,025.12 on Wednesday. The firm has a market capitalization of $49.31 billion, a PE ratio of 99.03, a price-to-earnings-growth ratio of 3.55 and a beta of 1.40. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The company’s fifty day moving average price is $2,174.74 and its 200-day moving average price is $1,926.32.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred 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 in the company, valued at $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,589 shares of company stock worth $31,258,963. 3.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at $256,000. Dimensional Fund Advisors LP raised its holdings in shares of Fair Isaac by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock valued at $156,704,000 after purchasing an additional 5,642 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Fair Isaac by 93.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 390 shares of the technology company’s stock valued at $581,000 after purchasing an additional 188 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Fair Isaac by 2.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock valued at $491,000 after purchasing an additional 8 shares in the last quarter. Finally, Wealth Alliance raised its holdings in shares of Fair Isaac by 16.3% in the 2nd quarter. Wealth Alliance now owns 456 shares of the technology company’s stock valued at $679,000 after purchasing an additional 64 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.