Fair Isaac Co. (NYSE:FICO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Fair Isaac Co. (NYSE:FICO) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1,964.92.

A number of equities research analysts have issued reports on the company. UBS Group initiated coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Robert W. Baird boosted their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer lifted their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Fair Isaac Stock Down 2.7 %

Shares of NYSE:FICO opened at $2,261.00 on Friday. The company has a market cap of $55.06 billion, a PE ratio of 110.56, a P/E/G ratio of 4.50 and a beta of 1.35. Fair Isaac has a fifty-two week low of $1,021.06 and a fifty-two week high of $2,402.51. The firm has a 50-day simple moving average of $2,007.25 and a 200 day simple moving average of $1,685.50.

Fair Isaac declared that its board has initiated a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits 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 leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

Hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Fair Isaac in the third quarter worth approximately $25,000. EntryPoint Capital LLC purchased a new position in Fair Isaac during the 1st quarter worth approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Fair Isaac by 900.0% in the third 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, Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the first quarter valued at $26,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.