Needham & Company LLC Boosts Fair Isaac (NYSE:FICO) Price Target to $1,850.00

Fair Isaac (NYSE:FICO) had its price objective raised by Needham & Company LLC from $1,500.00 to $1,850.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on FICO. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price objective for the company. Raymond James lifted their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an outperform rating in a research note on Friday, April 26th. Robert W. Baird increased their target price on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a neutral rating in a research note on Thursday. Wolfe Research started coverage on Fair Isaac in a research report on Tuesday, July 9th. They issued an outperform rating and a $1,725.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a sector perform rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $1,399.45.

Fair Isaac Stock Up 1.4 %

Shares of NYSE:FICO opened at $1,600.38 on Thursday. Fair Isaac has a 52-week low of $811.99 and a 52-week high of $1,668.63. The business has a fifty day moving average of $1,477.43 and a two-hundred day moving average of $1,334.65. The stock has a market cap of $39.24 billion, a P/E ratio of 84.01, a PEG ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase 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 purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Fair Isaac news, Director Joanna Rees sold 500 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the completion of the transaction, the director now owns 20,118 shares in the company, valued at approximately $28,165,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Richard Deal sold 13,591 shares of Fair Isaac stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares in the company, valued at $67,772,230.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 500 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,400.00, for a total value of $700,000.00. Following the completion of the transaction, the director now owns 20,118 shares of the company’s stock, valued at approximately $28,165,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,014 shares of company stock valued at $21,888,518. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in Fair Isaac by 28.1% in the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after acquiring an additional 9 shares during the last quarter. Western Financial Corp CA grew its position in shares of Fair Isaac by 1.3% in the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 9 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Fair Isaac by 0.8% during the 4th quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 10 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in Fair Isaac by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after buying an additional 10 shares in the last quarter. 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.