The Goldman Sachs Group Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its target price boosted by The Goldman Sachs Group from $2,374.00 to $2,661.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 12.48% from the company’s current price.

Several other equities analysts also recently commented on FICO. Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer increased their price target on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a report on Monday. Barclays raised their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Finally, Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,022.67.

Fair Isaac Stock Down 0.4 %

FICO stock traded down $10.17 during midday trading on Thursday, reaching $2,365.66. 65,897 shares of the company’s stock traded hands, compared to its average volume of 168,610. The company has a market cap of $57.60 billion, a price-to-earnings ratio of 115.68, a PEG ratio of 4.32 and a beta of 1.36. The company has a 50-day simple moving average of $2,126.85 and a two-hundred day simple moving average of $1,781.45. Fair Isaac has a 1-year low of $1,099.74 and a 1-year high of $2,402.51.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,429 shares of company stock valued at $14,970,137. 3.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FICO. Swedbank AB increased its holdings in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the last quarter. BNP Paribas bought a new position in shares of Fair Isaac during the 3rd quarter worth approximately $445,000. Harvest Fund Management Co. Ltd lifted its holdings in Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 352 shares during the last quarter. FMR LLC raised its holdings in shares of Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter worth $529,000. 85.75% of the stock is owned by 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.