Oppenheimer Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its target price reduced by stock analysts at Oppenheimer from $2,515.00 to $2,409.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 22.80% from the stock’s current price.

A number of other equities analysts have also recently issued reports on FICO. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Needham & Company LLC increased 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 report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group assumed coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,024.31.

Fair Isaac Stock Up 1.4 %

Fair Isaac stock opened at $1,961.77 on Tuesday. The business’s 50-day simple moving average is $2,180.92 and its 200 day simple moving average is $1,909.38. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 95.93, a P/E/G ratio of 4.00 and a beta of 1.40. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Insider Activity at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the transaction, the executive vice president now owns 48,895 shares in the company, valued at approximately $113,456,446.95. The trade was a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction on Monday, November 11th. The shares were 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 directly owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,450 shares of company stock valued at $30,985,908 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Large investors have recently added to or reduced their stakes in the business. Heritage Family Offices LLP increased its position in shares of Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after acquiring an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after purchasing an additional 6 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in shares of Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after buying an additional 6 shares in the last quarter. Covestor Ltd raised its stake in shares of Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after purchasing an additional 6 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

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.