Fair Isaac (NYSE:FICO) PT Raised to $1,700.00 at Robert W. Baird

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

Several other research firms have also weighed in on FICO. Raymond James boosted their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a report on Friday, April 26th. Wolfe Research assumed coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an outperform rating and a $1,725.00 price objective for the company. Needham & Company LLC reiterated a buy rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Tuesday, June 11th. Finally, Redburn Atlantic started coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price target for the company. One equities research 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 data from MarketBeat, Fair Isaac presently has an average rating of Moderate Buy and an average target price of $1,399.45.

Fair Isaac Price Performance

NYSE:FICO traded down $5.38 during mid-day trading on Thursday, reaching $1,595.00. The stock had a trading volume of 51,287 shares, compared to its average volume of 179,762. The stock has a market cap of $39.11 billion, a P/E ratio of 84.01, a PEG ratio of 4.26 and a beta of 1.34. The business’s 50 day moving average is $1,477.43 and its 200 day moving average is $1,334.65. Fair Isaac has a fifty-two week low of $811.99 and a fifty-two week high of $1,668.63.

Fair Isaac declared that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In related news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fair Isaac news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now directly owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna Rees sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the sale, the director now directly owns 20,618 shares of the company’s stock, valued at $27,834,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,014 shares of company stock worth $21,888,518. 3.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new stake in shares of Fair Isaac in the first quarter worth about $25,000. Tortoise Investment Management LLC grew its position in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Advisors Asset Management Inc. acquired a new stake in Fair Isaac during the 1st quarter worth approximately $26,000. Family Firm Inc. bought a new position in Fair Isaac in the second quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the first quarter valued at approximately $31,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.