Fair Isaac (NYSE:FICO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Fair Isaac (NYSE:FICO) had its target price raised by Robert W. Baird from $1,775.00 to $1,837.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential downside of 8.53% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer cut their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. UBS Group decreased their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Bank of America started coverage on Fair Isaac in a report on Thursday, April 10th. They set a “buy” rating and a $2,800.00 target price for the company. Finally, Barclays decreased their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,277.46.

Fair Isaac Stock Up 0.9 %

FICO opened at $2,008.30 on Wednesday. The business’s fifty day simple moving average is $1,852.23 and its 200 day simple moving average is $1,977.98. Fair Isaac has a 52 week low of $1,134.86 and a 52 week high of $2,402.52. The stock has a market cap of $49.04 billion, a PE ratio of 92.17, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, beating the consensus estimate of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $6.14 EPS. As a group, equities analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 4,092 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 13,058 shares of company stock worth $23,119,030 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds have recently modified their holdings of FICO. GAMMA Investing LLC lifted its position in Fair Isaac by 286,768.9% during the 1st quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company’s stock valued at $476,129,000 after acquiring an additional 258,092 shares during the period. Norges Bank purchased a new position in shares of Fair Isaac during the fourth quarter valued at approximately $442,369,000. Wealthfront Advisers LLC boosted its position in shares of Fair Isaac by 5,217.6% in the 4th quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock worth $292,728,000 after purchasing an additional 144,266 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Fair Isaac in the 4th quarter worth approximately $261,610,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Fair Isaac by 376.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock valued at $321,790,000 after buying an additional 127,679 shares in the last quarter. Institutional investors 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.