Oppenheimer Cuts Fair Isaac (NYSE:FICO) Price Target to $2,409.00

Fair Isaac (NYSE:FICO) had its price objective trimmed by Oppenheimer from $2,515.00 to $2,409.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research firms have also recently commented on FICO. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays lifted their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group began coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Finally, The Goldman Sachs Group raised 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 report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average target price of $2,024.31.

Fair Isaac Stock Up 1.4 %

Shares of FICO opened at $1,961.77 on Tuesday. The stock has a market cap of $47.77 billion, a P/E ratio of 95.93, a P/E/G ratio of 4.00 and a beta of 1.40. The business’s 50 day moving average price is $2,180.28 and its 200-day moving average price is $1,909.74. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,450 shares of company stock valued at $30,985,908. Insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Fair Isaac during the 3rd quarter worth approximately $25,000. True Wealth Design LLC increased its stake in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Versant Capital Management Inc lifted its stake in shares of Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after buying an additional 20 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after buying an additional 6 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.