Fair Isaac (NYSE:FICO) Given New $2,350.00 Price Target at Barclays

Fair Isaac (NYSE:FICO) had its price objective lifted by Barclays from $2,150.00 to $2,350.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

FICO has been the topic of a number of other reports. UBS Group started 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 on the stock. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird increased their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Stock Performance

Shares of FICO traded up $156.19 during mid-day trading on Thursday, hitting $2,332.29. 268,394 shares of the company’s stock were exchanged, compared to its average volume of 171,234. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 114.44, a P/E/G ratio of 3.68 and a beta of 1.35. Fair Isaac has a fifty-two week low of $900.01 and a fifty-two week high of $2,351.98. The stock’s 50-day moving average is $1,935.74 and its 200-day moving average is $1,633.15.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.10). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The firm had revenue of $453.81 million for the quarter, compared to analysts’ expectations of $454.78 million. As a group, equities research analysts anticipate that Fair Isaac will post 19.33 EPS for the current year.

Fair Isaac announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 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 the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction on 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. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB lifted its holdings in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter worth $529,000. Finally, SG Americas Securities LLC raised its stake in shares of Fair Isaac by 327.1% during the 1st quarter. SG Americas Securities LLC now owns 9,985 shares of the technology company’s stock worth $12,477,000 after buying an additional 7,647 shares during the last quarter. 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.