Fair Isaac (NYSE:FICO) Hits New 52-Week High at $1,772.00

Fair Isaac Co. (NYSE:FICO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $1,772.00 and last traded at $1,769.10, with a volume of 34345 shares. The stock had previously closed at $1,720.00.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Raymond James raised their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada upped 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 report on Thursday, August 1st. Wells Fargo & Company initiated coverage on shares of Fair Isaac in a report on Monday. They set an “overweight” rating and a $2,100.00 target price for the company. Needham & Company LLC boosted their price target on 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, Robert W. Baird raised their price objective on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,515.82.

Fair Isaac Stock Performance

The firm has a market cap of $43.85 billion, a P/E ratio of 90.23, a P/E/G ratio of 4.26 and a beta of 1.34. The business’s 50-day simple moving average is $1,519.09 and its 200 day simple moving average is $1,351.94.

Fair Isaac declared that its board has authorized a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Fair Isaac news, EVP Mark R. Scadina sold 423 shares of Fair Isaac stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the sale, the executive vice president now directly owns 32,229 shares in the company, valued at approximately $44,222,055.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mark R. Scadina sold 423 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the sale, the executive vice president now directly owns 32,229 shares in the company, valued at $44,222,055.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joanna Rees sold 500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $1,400.00, for a total transaction of $700,000.00. Following the transaction, the director now owns 20,118 shares in the company, valued at $28,165,200. The disclosure for this sale can be found here. Insiders have sold 21,014 shares of company stock worth $31,049,328 in the last three months. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT increased its stake in Fair Isaac by 2.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after buying an additional 8 shares during the period. First Horizon Advisors Inc. increased its holdings in Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the period. Western Financial Corp CA raised its position in Fair Isaac by 1.3% during the 2nd quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 9 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings 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 worth $30,000 after buying an additional 9 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Fair Isaac by 0.8% during the 4th 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 in the last quarter. 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.