Brokerages Set Fair Isaac Corporation (NYSE:FICO) Price Target at $2,137.43

Fair Isaac Corporation (NYSE:FICO) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2,137.4286.

Several equities analysts recently weighed in on FICO shares. UBS Group increased their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Griffin Securities set a $1,800.00 price objective on shares of Fair Isaac in a report on Monday, August 18th. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Fair Isaac in a report on Wednesday, October 8th. Finally, Oppenheimer lowered shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the completion of the sale, the chief executive officer owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This represents a 10.26% 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. Insiders have sold a total of 18,032 shares of company stock valued at $28,094,085 over the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Large investors have recently bought and sold shares of the company. Westside Investment Management Inc. bought a new stake in Fair Isaac in the second quarter valued at approximately $26,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac in the first quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank bought a new stake in Fair Isaac in the second quarter valued at approximately $27,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Fair Isaac in the first quarter valued at approximately $30,000. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO opened at $1,669.41 on Friday. Fair Isaac has a one year low of $1,300.00 and a one year high of $2,402.51. The company’s 50 day simple moving average is $1,573.73 and its 200-day simple moving average is $1,682.93. The stock has a market capitalization of $40.07 billion, a P/E ratio of 65.29, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business had revenue of $536.42 million for the quarter, compared to analyst estimates of $520.40 million. During the same period in the prior year, the business posted $6.25 earnings per share. Fair Isaac’s revenue was up 19.8% compared to the same quarter last year. As a group, analysts anticipate that Fair Isaac will post 24.15 EPS for the current year.

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.