Jefferies Financial Group Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price objective lowered by equities researchers at Jefferies Financial Group from $2,275.00 to $2,175.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 20.17% from the company’s current price.

Several other equities research analysts have also commented on the company. Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group reduced their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Oppenheimer dropped their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $2,080.08.

Fair Isaac Price Performance

Shares of FICO stock opened at $1,809.87 on Wednesday. The stock has a market capitalization of $44.23 billion, a PE ratio of 88.50, a PEG ratio of 3.45 and a beta of 1.39. The business’s 50 day simple moving average is $2,048.56 and its 200 day simple moving average is $1,959.08. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.51.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. As a group, research analysts expect that Fair Isaac will post 24.88 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,589 shares of company stock valued at $31,258,963. Corporate insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of FICO. Mn Services Vermogensbeheer B.V. boosted its position in Fair Isaac by 1.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 9,800 shares of the technology company’s stock worth $19,511,000 after purchasing an additional 100 shares during the period. Stegent Equity Advisors Inc. purchased a new position in Fair Isaac in the 4th quarter valued at approximately $253,000. Whipplewood Advisors LLC purchased a new stake in shares of Fair Isaac during the fourth quarter worth $223,000. National Pension Service boosted its holdings in shares of Fair Isaac by 104.9% in the fourth quarter. National Pension Service now owns 79,248 shares of the technology company’s stock worth $157,777,000 after acquiring an additional 40,574 shares during the period. Finally, Cavalier Investments LLC grew its position in shares of Fair Isaac by 3.0% in the fourth quarter. Cavalier Investments LLC now owns 1,630 shares of the technology company’s stock valued at $3,245,000 after purchasing an additional 48 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

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.