Fair Isaac (NYSE:FICO) Price Target Raised to $2,200.00 at Wells Fargo & Company

Fair Isaac (NYSE:FICO) had its target price hoisted by Wells Fargo & Company from $2,100.00 to $2,200.00 in a report issued on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts also recently commented on the company. Robert W. Baird lifted their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a neutral rating in a research report on Thursday, August 1st. UBS Group assumed coverage on Fair Isaac in a report on Tuesday. They issued a neutral rating and a $2,100.00 price target for the company. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an outperform rating and a $1,725.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a sector perform rating in a report on Thursday, August 1st. Finally, Oppenheimer began coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an outperform rating and a $1,967.00 price target on the stock. Five equities research 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 presently has a consensus rating of Moderate Buy and a consensus target price of $1,775.25.

Fair Isaac Stock Performance

Shares of FICO opened at $1,912.31 on Tuesday. The stock has a market capitalization of $47.26 billion, a P/E ratio of 100.38, a P/E/G ratio of 4.69 and a beta of 1.35. Fair Isaac has a 1 year low of $811.99 and a 1 year high of $1,962.96. The company’s fifty day moving average is $1,774.78 and its two-hundred day moving average is $1,495.34.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Sell-side analysts predict that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac announced that its board has authorized a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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. Insiders sold a total of 15,261 shares of company stock worth $26,291,370 over the last quarter. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several large investors have recently modified their holdings of the stock. Commerce Bank increased its stake in shares of Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after buying an additional 5,328 shares during the period. Seven Eight Capital LP grew its position in Fair Isaac by 140.0% in the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after purchasing an additional 840 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Fair Isaac by 44.5% during the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after buying an additional 9,094 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. 85.75% of the stock is owned by 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.