Fair Isaac (NYSE:FICO) PT Raised to $1,800.00 at Barclays

Fair Isaac (NYSE:FICO) had its price target boosted by investment analysts at Barclays from $1,500.00 to $1,800.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 6.79% from the stock’s current price.

Several other brokerages have also recently issued reports on FICO. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Robert W. Baird lifted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James boosted their target price on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, 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 target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,426.73.

Fair Isaac Stock Up 1.8 %

Shares of FICO stock traded up $30.51 during trading hours on Wednesday, hitting $1,685.50. 65,981 shares of the company’s stock were exchanged, compared to its average volume of 180,298. The firm has a 50 day moving average of $1,486.82 and a two-hundred day moving average of $1,339.78. Fair Isaac has a fifty-two week low of $811.99 and a fifty-two week high of $1,708.60. The firm has a market cap of $41.65 billion, a P/E ratio of 88.82, a P/E/G ratio of 4.26 and a beta of 1.34.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 1,000 shares of Fair Isaac 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 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 is accessible through the SEC website. In related news, Director Joanna Rees sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the sale, the director now owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,014 shares of company stock worth $21,888,518 over the last ninety days. 3.54% of the stock is currently owned by company insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently added to or reduced their stakes in FICO. Norges Bank acquired a new stake in shares of Fair Isaac in the fourth quarter worth approximately $259,509,000. Price T Rowe Associates Inc. MD grew its stake in shares of Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after buying an additional 174,397 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Fair Isaac by 30.2% during the 1st quarter. Principal Financial Group Inc. now owns 356,639 shares of the technology company’s stock worth $445,660,000 after buying an additional 82,699 shares during the last quarter. Putnam Investments LLC boosted its holdings in Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock valued at $177,975,000 after acquiring an additional 80,530 shares during the last quarter. Finally, Westwind Capital grew its position in Fair Isaac by 891.8% during the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after acquiring an additional 62,710 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

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.