Fair Isaac Co. (NYSE:FICO) Receives $1,399.45 Average PT from Analysts

Shares of Fair Isaac Co. (NYSE:FICO) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,426.73.

Several research analysts have issued reports on FICO shares. Barclays upped their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird upped their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Redburn Atlantic began coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective on the stock. Needham & Company LLC lifted 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. Finally, Royal Bank of Canada lifted their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st.

Fair Isaac Stock Performance

NYSE FICO opened at $1,717.12 on Friday. The stock has a market capitalization of $42.43 billion, a P/E ratio of 90.14, a P/E/G ratio of 4.26 and a beta of 1.34. Fair Isaac has a 1 year low of $811.99 and a 1 year high of $1,720.60. The business’s fifty day moving average is $1,501.36 and its two-hundred day moving average is $1,344.69.

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

Insider Activity

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the transaction, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 500 shares of Fair Isaac stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1,350.00, for a total transaction of $675,000.00. Following the completion of the sale, the director now directly owns 20,618 shares of the company’s stock, valued at approximately $27,834,300. The disclosure for this sale can be found here. Insiders have sold a total of 15,014 shares of company stock worth $20,633,518 in the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently modified their holdings of the business. J.W. Cole Advisors Inc. acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at $256,000. Alta Advisers Ltd acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at $74,000. Inspire Advisors LLC acquired a new position in Fair Isaac during the 2nd quarter worth $445,000. Oppenheimer Asset Management Inc. lifted its position in Fair Isaac by 8.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,783 shares of the technology company’s stock worth $4,143,000 after acquiring an additional 212 shares during the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in Fair Isaac during the 2nd quarter worth $525,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

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.