Fair Isaac (NYSE:FICO) PT Raised to $1,700.00

Fair Isaac (NYSE:FICO) had its price target boosted by research analysts at Robert W. Baird from $1,264.00 to $1,700.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price would suggest a potential upside of 6.47% from the stock’s current price.

A number of other brokerages also recently issued reports on FICO. Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Raymond James lifted their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Redburn Atlantic assumed coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,354.00.

Fair Isaac Stock Up 0.5 %

Shares of NYSE FICO opened at $1,596.69 on Thursday. Fair Isaac has a 52 week low of $810.26 and a 52 week high of $1,658.03. The business’s 50 day moving average price is $1,468.62 and its 200 day moving average price is $1,328.86. The firm has a market cap of $39.45 billion, a P/E ratio of 83.82, a P/E/G ratio of 4.28 and a beta of 1.34.

Fair Isaac declared that its board has approved a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares in the company, valued at approximately $26,503,090. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joanna Rees sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares of the company’s stock, valued at $26,503,090. The disclosure for this sale can be found here. Insiders sold a total of 16,014 shares of company stock valued at $21,888,518 over the last 90 days. 3.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac in the first quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the 1st quarter valued at $26,000. Family Firm Inc. acquired a new position in Fair Isaac in the 2nd quarter valued at $34,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac during the first quarter worth about $31,000. Finally, DSM Capital Partners LLC purchased a new position in Fair Isaac during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.