Fair Isaac (NYSE:FICO) Reaches New 52-Week High at $1,772.00

Fair Isaac Co. (NYSE:FICO) reached a new 52-week high on Tuesday . The stock traded as high as $1,772.00 and last traded at $1,769.10, with a volume of 34345 shares. The stock had previously closed at $1,720.00.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company started coverage on Fair Isaac in a report on Monday. They issued an “overweight” rating and a $2,100.00 target price on the stock. Barclays increased their target price on Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted 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 assumed coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Finally, Raymond James upped their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,515.82.

Fair Isaac Price Performance

The business’s 50 day simple moving average is $1,519.09 and its 200-day simple moving average is $1,351.94. The stock has a market capitalization of $43.85 billion, a P/E ratio of 90.23, a PEG ratio of 4.26 and a beta of 1.34.

Fair Isaac announced that its board has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other news, EVP Mark R. Scadina sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the completion of the sale, the executive vice president now directly owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Mark R. Scadina sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the sale, the executive vice president now owns 19,919 shares of the company’s stock, valued at approximately $34,144,751.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joanna Rees sold 500 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total value of $700,000.00. Following the completion of the transaction, the director now directly owns 20,118 shares of the company’s stock, valued at $28,165,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,014 shares of company stock valued at $31,049,328. 3.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Norges Bank acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $259,509,000. Price T Rowe Associates Inc. MD increased its stake 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 valued at $1,076,268,000 after buying an additional 174,397 shares during the last quarter. Principal Financial Group Inc. lifted its position in Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after buying an additional 82,699 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of Fair Isaac by 111.3% during the 4th quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after buying an additional 80,530 shares during the last quarter. Finally, Westwind Capital grew its holdings in shares of Fair Isaac by 891.8% in the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares in the last quarter. 85.75% of the stock is 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.