Robert W. Baird Raises Fair Isaac (NYSE:FICO) Price Target to $1,700.00

Fair Isaac (NYSE:FICO) had its price objective upped by Robert W. Baird from $1,264.00 to $1,700.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other equities research analysts have also commented on the stock. Needham & Company LLC reissued a buy rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Tuesday, June 11th. Raymond James boosted their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Wolfe Research assumed coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They set an outperform rating and a $1,725.00 price objective on the stock. Finally, Redburn Atlantic assumed coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac has an average rating of Moderate Buy and a consensus price target of $1,399.45.

Fair Isaac Price Performance

NYSE:FICO opened at $1,600.38 on Thursday. Fair Isaac has a one year low of $811.99 and a one year high of $1,668.63. The company’s 50-day simple moving average is $1,477.43 and its 200 day simple moving average is $1,333.92. The firm has a market capitalization 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 has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, EVP Mark R. Scadina sold 423 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the transaction, the executive vice president now directly owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Joanna Rees sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the completion of the transaction, the director now directly owns 20,618 shares of the company’s stock, valued at $27,834,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 423 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now directly owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The disclosure for this sale can be found here. Insiders sold 16,014 shares of company stock valued at $21,888,518 over the last three months. Insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Fair Isaac by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after purchasing an additional 174,397 shares during the period. International Assets Investment Management LLC boosted its position in shares of Fair Isaac by 112,366.2% in the fourth quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock worth $464,737,000 after purchasing an additional 398,900 shares during the period. Principal Financial Group Inc. boosted its position in shares of Fair Isaac by 3.9% in the second quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock worth $551,706,000 after purchasing an additional 13,966 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Fair Isaac by 25.2% in the fourth quarter. Franklin Resources Inc. now owns 283,565 shares of the technology company’s stock worth $330,072,000 after purchasing an additional 57,010 shares during the period. 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.