Fair Isaac (NYSE:FICO) Price Target Cut to $2,250.00 by Analysts at Barclays

Fair Isaac (NYSE:FICO) had its price target decreased by Barclays from $2,350.00 to $2,250.00 in a research report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Oppenheimer lowered their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,080.46.

Fair Isaac Stock Performance

Shares of NYSE:FICO opened at $1,681.51 on Friday. The business’s 50-day simple moving average is $1,823.53 and its 200 day simple moving average is $1,988.19. The company has a market cap of $41.06 billion, a P/E ratio of 77.17, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.52.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Analysts predict that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of Fair Isaac stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,241 shares of company stock valued at $18,186,184. Company insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Fair Isaac in the 4th quarter valued at approximately $442,369,000. Wealthfront Advisers LLC increased its holdings in shares of Fair Isaac by 5,217.6% during the fourth quarter. Wealthfront Advisers LLC now owns 147,031 shares of the technology company’s stock valued at $292,728,000 after purchasing an additional 144,266 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac during the fourth quarter valued at about $261,610,000. Arrowstreet Capital Limited Partnership lifted its holdings in Fair Isaac by 376.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 161,628 shares of the technology company’s stock worth $321,790,000 after purchasing an additional 127,679 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Fair Isaac in the 4th quarter valued at about $199,441,000. 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.