Fair Isaac (NYSE:FICO) Given New $2,100.00 Price Target at UBS Group

Fair Isaac (NYSE:FICO) had its target price trimmed by UBS Group from $2,250.00 to $2,100.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other brokerages have also recently commented on FICO. JPMorgan Chase & Co. began coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Trading Up 0.6 %

Shares of NYSE FICO opened at $1,862.49 on Monday. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The firm has a market capitalization of $45.35 billion, a price-to-earnings ratio of 91.08, a price-to-earnings-growth ratio of 3.46 and a beta of 1.40. The firm has a 50 day moving average of $2,089.74 and a 200 day moving average of $1,949.60.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 3,500 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 45,395 shares in the company, valued at approximately $107,760,920.75. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,589 shares of company stock valued at $31,258,963. Insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC bought a new position in shares of Fair Isaac during the 4th quarter valued at approximately $2,449,000. Kestra Private Wealth Services LLC increased its position in Fair Isaac by 38.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 299 shares of the technology company’s stock valued at $595,000 after acquiring an additional 83 shares during the last quarter. Clarity Wealth Advisors LLC raised its stake in shares of Fair Isaac by 44.0% in the fourth quarter. Clarity Wealth Advisors LLC now owns 422 shares of the technology company’s stock valued at $840,000 after acquiring an additional 129 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth about $74,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Fair Isaac by 2.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,869 shares of the technology company’s stock worth $5,712,000 after purchasing an additional 68 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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.