Fair Isaac Co. (NYSE:FICO) Receives $2,078.15 Average PT from Brokerages

Fair Isaac Co. (NYSE:FICO) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $2,078.15.

A number of research analysts have recently commented on the stock. Oppenheimer cut their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group upped their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird lowered their price objective on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group lowered their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This represents a 12.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the transaction, the executive vice president now owns 45,395 shares in the company, valued at approximately $107,760,920.75. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,170 shares of company stock valued at $27,132,248. 3.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fair Isaac

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the 3rd quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in Fair Isaac in the 4th quarter worth approximately $26,000. True Wealth Design LLC increased its holdings in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after buying an additional 18 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in Fair Isaac in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Trading Down 1.7 %

NYSE FICO opened at $1,697.04 on Tuesday. The company’s 50-day moving average price is $1,919.33 and its 200-day moving average price is $1,974.57. The stock has a market cap of $41.44 billion, a PE ratio of 77.88, a PEG ratio of 3.27 and a beta of 1.39. Fair Isaac has a 12 month low of $1,105.65 and a 12 month high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. As a group, sell-side analysts forecast that Fair Isaac will post 24.15 earnings per share for the current year.

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.