Oppenheimer Lowers Fair Isaac (NYSE:FICO) Price Target to $2,409.00

Fair Isaac (NYSE:FICO) had its price objective dropped by investment analysts at Oppenheimer from $2,515.00 to $2,409.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would indicate a potential upside of 22.28% from the stock’s current price.

Other analysts also recently issued research reports about the company. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group lifted 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. Finally, UBS Group began coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Five investment 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 presently has an average rating of “Moderate Buy” and an average target price of $2,024.31.

Fair Isaac Trading Up 0.2 %

Shares of Fair Isaac stock opened at $1,970.00 on Tuesday. The firm has a market capitalization of $47.97 billion, a price-to-earnings ratio of 96.33, a PEG ratio of 4.00 and a beta of 1.36. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The firm’s 50 day simple moving average is $2,183.52 and its two-hundred day simple moving average is $1,905.48.

Insider Activity

In related news, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now owns 242 shares of the company’s stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the transaction, the executive vice president now directly owns 51,911 shares in the company, valued at approximately $113,954,508.09. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,450 shares of company stock worth $30,985,908 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors have recently made changes to their positions in the company. Pensionfund Sabic boosted its stake in Fair Isaac by 14.3% during the 4th quarter. Pensionfund Sabic now owns 800 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in Fair Isaac by 36.4% during the fourth quarter. GAMMA Investing LLC now owns 90 shares of the technology company’s stock worth $179,000 after acquiring an additional 24 shares during the last quarter. Versant Capital Management Inc grew its stake in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 20 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Fair Isaac by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after acquiring an additional 7,466 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Fair Isaac by 18.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 23,471 shares of the technology company’s stock worth $45,616,000 after purchasing an additional 3,721 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

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.