Robert W. Baird Increases Fair Isaac (NYSE:FICO) Price Target to $2,000.00

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

A number of other equities analysts have also recently commented on FICO. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group started coverage on 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. Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Oppenheimer raised their price objective on 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to 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 %

FICO stock opened at $2,332.29 on Thursday. The business has a 50 day moving average of $1,947.74 and a 200 day moving average of $1,641.34. Fair Isaac has a twelve month low of $900.01 and a twelve month high of $2,351.98. The firm has a market cap of $57.19 billion, a PE ratio of 113.94, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35.

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

Fair Isaac declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding 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 usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Fair Isaac 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac during the first quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Fair Isaac in the third quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac in the first quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its position in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Fair Isaac in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors 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.