Fair Isaac (NYSE:FICO) Given New $1,500.00 Price Target at Royal Bank of Canada

Fair Isaac (NYSE:FICO) had its target price increased by equities researchers at Royal Bank of Canada from $1,350.00 to $1,500.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 6.45% from the company’s current price.

A number of other equities analysts have also commented on the company. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research note on Tuesday, June 11th. Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James increased 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. Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,367.64.

Fair Isaac Trading Up 0.2 %

Shares of NYSE:FICO traded up $3.49 on Thursday, reaching $1,603.49. 97,690 shares of the company’s stock were exchanged, compared to its average volume of 179,781. Fair Isaac has a twelve month low of $810.26 and a twelve month high of $1,668.63. The company has a fifty day moving average of $1,468.62 and a 200-day moving average of $1,328.86. The company has a market capitalization of $39.62 billion, a price-to-earnings ratio of 84.17, a PEG ratio of 4.28 and a beta of 1.34.

Fair Isaac declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the transaction, the director now directly owns 21,118 shares of the company’s stock, valued at $26,503,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Joanna Rees sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total transaction of $1,255,000.00. Following the completion of the transaction, the director now owns 21,118 shares in the company, valued at approximately $26,503,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Scadina sold 423 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at approximately $44,222,055.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,014 shares of company stock valued at $21,888,518. 3.54% of the stock is currently owned by company insiders.

Institutional Trading of Fair Isaac

Institutional investors have recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. purchased a new position in Fair Isaac during the fourth quarter valued at approximately $249,000. Commerce Bank raised its position in shares of Fair Isaac by 704.8% in the first quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after buying an additional 5,328 shares in the last quarter. Seven Eight Capital LP boosted its stake in Fair Isaac by 140.0% during the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after buying an additional 840 shares during the period. BNP Paribas Financial Markets grew its position in Fair Isaac by 44.5% during the first quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock worth $36,883,000 after buying an additional 9,094 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Fair Isaac by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.