Fair Isaac (NYSE:FICO) Price Target Raised to $2,500.00 at Needham & Company LLC

Fair Isaac (NYSE:FICO) had its price target increased by equities researchers at Needham & Company LLC from $1,850.00 to $2,500.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 15.55% from the company’s previous close.

Other analysts also recently issued research reports about the company. Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research report on Thursday. Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Trading Up 3.5 %

Shares of NYSE FICO traded up $72.97 during midday trading on Thursday, hitting $2,163.60. 175,505 shares of the company’s stock were exchanged, compared to its average volume of 170,003. Fair Isaac has a 12-month low of $900.01 and a 12-month high of $2,173.84. The company has a market cap of $53.05 billion, a price-to-earnings ratio of 113.75, a PEG ratio of 3.68 and a beta of 1.35. The business’s fifty day moving average price is $1,926.47 and its two-hundred day moving average price is $1,629.35.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.10). The firm had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts expect that Fair Isaac will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its board has approved a stock repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of the stock in a transaction dated Friday, August 9th. The stock was 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 owns 575 shares of the company’s stock, valued at $997,625. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,761 shares of company stock worth $15,200,560. 3.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently modified their holdings of FICO. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the 1st quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. bought a new stake in Fair Isaac during the 1st quarter valued at $26,000. Tortoise Investment Management LLC increased its holdings in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at $34,000. Hedge funds and other 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.