Fair Isaac (NYSE:FICO) Reaches New 1-Year High After Analyst Upgrade

Fair Isaac Co. (NYSE:FICO) hit a new 52-week high on Thursday after The Goldman Sachs Group raised their price target on the stock from $2,130.00 to $2,374.00. The Goldman Sachs Group currently has a buy rating on the stock. Fair Isaac traded as high as $2,173.84 and last traded at $2,079.09, with a volume of 21458 shares traded. The stock had previously closed at $2,090.63.

FICO has been the subject of a number of other research reports. Oppenheimer increased their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Wells Fargo & Company lifted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird upped their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,885.75.

Insider Activity

In related news, CFO Steven P. Weber sold 1,800 shares of Fair Isaac stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,761 shares of company stock valued at $15,200,560. 3.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Heritage Family Offices LLP boosted its position in Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after buying an additional 6 shares during the period. Moss Adams Wealth Advisors LLC grew its stake in Fair Isaac by 4.0% in 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 during the last quarter. Covestor Ltd raised its holdings in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after purchasing an additional 7 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Up 2.0 %

The firm has a 50-day moving average of $1,926.47 and a two-hundred day moving average of $1,629.35. The firm has a market cap of $52.28 billion, a price-to-earnings ratio of 108.74, a PEG ratio of 3.68 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.10). The business had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.