Wells Fargo & Company Cuts Fair Isaac (NYSE:FICO) Price Target to $2,600.00

Fair Isaac (NYSE:FICO) had its target price cut by Wells Fargo & Company from $2,650.00 to $2,600.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts have also issued reports on the company. Robert W. Baird reduced their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group cut their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,078.15.

Fair Isaac Stock Up 1.9 %

FICO stock opened at $1,843.68 on Wednesday. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 90.16, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The stock’s fifty day simple moving average is $2,038.35 and its 200-day simple moving average is $1,958.28. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. As a group, analysts anticipate that Fair Isaac will post 24.88 earnings per share for the current fiscal year.

Insider Transactions at Fair Isaac

In other news, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This represents a 31.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now directly owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the 3rd quarter worth about $25,000. True Wealth Design LLC lifted its position in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after purchasing an additional 20 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

About Fair Isaac

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.