Needham & Company LLC Reiterates Buy Rating for Fair Isaac (NYSE:FICO)

Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2,500.00 price target on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 38.13% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. UBS Group decreased their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Oppenheimer lowered their price objective on 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. Jefferies Financial Group cut their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird increased their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $2,080.08.

Fair Isaac Stock Down 1.0 %

Shares of NYSE FICO opened at $1,809.87 on Wednesday. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The business’s 50 day moving average is $2,048.56 and its two-hundred day moving average is $1,959.08. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 88.50, a PEG ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. Analysts anticipate that Fair Isaac will post 24.88 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at approximately $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,589 shares of company stock valued at $31,258,963. Insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds have recently added to or reduced their stakes in FICO. Northwestern Mutual Wealth Management Co. raised its stake in Fair Isaac by 6.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock valued at $417,000 after acquiring an additional 17 shares in the last quarter. Czech National Bank grew its stake in shares of Fair Isaac by 6.1% in the 3rd quarter. Czech National Bank now owns 4,994 shares of the technology company’s stock worth $9,706,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC grew its position in Fair Isaac by 20.0% in the third quarter. GAMMA Investing LLC now owns 66 shares of the technology company’s stock worth $128,000 after buying an additional 11 shares during the last quarter. Mather Group LLC. raised its position in shares of Fair Isaac by 38.1% during the third quarter. Mather Group LLC. now owns 116 shares of the technology company’s stock worth $225,000 after purchasing an additional 32 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in Fair Isaac by 13.4% during the third quarter. Atomi Financial Group Inc. now owns 245 shares of the technology company’s stock valued at $476,000 after buying an additional 29 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors.

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.