Fair Isaac (NYSE:FICO) Price Target Raised to $2,374.00

Fair Isaac (NYSE:FICO) had its price objective upped by The Goldman Sachs Group from $2,130.00 to $2,374.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages also recently issued reports on FICO. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective on the stock. Finally, Oppenheimer raised their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Price Performance

Shares of FICO traded up $156.19 on Thursday, reaching $2,332.29. The company’s stock had a trading volume of 275,985 shares, compared to its average volume of 154,391. The stock’s 50 day simple moving average is $1,947.74 and its two-hundred day simple moving average is $1,644.51. The stock has a market capitalization of $56.79 billion, a P/E ratio of 114.05, a PEG ratio of 3.87 and a beta of 1.35. Fair Isaac has a 12-month low of $900.01 and a 12-month high of $2,351.98.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $9,895,392.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently made changes to their positions in FICO. Vanguard Group Inc. lifted its holdings in shares of Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after acquiring an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $1,076,268,000 after purchasing an additional 174,397 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after purchasing an additional 538,071 shares during the period. Principal Financial Group Inc. increased its position in shares of Fair Isaac by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after purchasing an additional 1,977 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock valued at $514,523,000 after buying an additional 21,768 shares during the period. 85.75% of the stock is 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.