Brokerages Set Fair Isaac Co. (NYSE:FICO) PT at $1,274.33

Shares of Fair Isaac Co. (NYSE:FICO) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1,319.40.

FICO has been the topic of several analyst reports. Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. Redburn Atlantic started coverage on Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. Raymond James boosted their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Tuesday, June 11th.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the transaction, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at approximately $14,414,270.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the completion of the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at $67,772,230.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,014 shares of company stock valued at $31,012,918. 3.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Fair Isaac

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in shares of Fair Isaac by 28.1% in the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock valued at $48,000 after acquiring an additional 9 shares during the period. Panagora Asset Management Inc. increased its position in Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock worth $1,419,000 after buying an additional 10 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Fair Isaac by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after buying an additional 10 shares during the period. Lincoln National Corp lifted its position in shares of Fair Isaac by 2.8% in the fourth quarter. Lincoln National Corp now owns 399 shares of the technology company’s stock valued at $464,000 after buying an additional 11 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Fair Isaac by 25.0% during the 2nd quarter. GAMMA Investing LLC now owns 55 shares of the technology company’s stock worth $82,000 after acquiring an additional 11 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Up 1.3 %

NYSE:FICO opened at $1,588.52 on Monday. Fair Isaac has a 12-month low of $808.49 and a 12-month high of $1,605.69. The stock’s fifty day simple moving average is $1,401.68 and its 200-day simple moving average is $1,290.25. The firm has a market capitalization of $39.25 billion, a P/E ratio of 83.39, a P/E/G ratio of 4.28 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, April 25th. The technology company reported $5.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. The firm had revenue of $433.81 million for the quarter, compared to analysts’ expectations of $425.94 million. Fair Isaac had a negative return on equity of 62.28% and a net margin of 29.99%. As a group, equities research analysts expect that Fair Isaac will post 19.75 earnings per share for the current year.

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.