Fair Isaac (NYSE:FICO) Price Target Raised to $2,400.00 at Barclays

Fair Isaac (NYSE:FICO) had its target price upped by Barclays from $2,000.00 to $2,400.00 in a report published on Thursday morning, MarketBeat reports. They currently have an overweight rating on the technology company’s stock.

FICO has been the topic of a number of other reports. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Raymond James Financial dropped their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets upped their target price on shares of Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Finally, Wells Fargo & Company set a $2,300.00 price target on Fair Isaac in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $2,130.29.

Fair Isaac Price Performance

FICO stock opened at $1,851.00 on Thursday. Fair Isaac has a 1 year low of $1,300.00 and a 1 year high of $2,402.51. The stock has a market capitalization of $44.42 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 2.90 and a beta of 1.35. The company’s 50-day moving average is $1,476.07 and its 200-day moving average is $1,702.09.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. During the same period in the prior year, the business earned $6.25 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Thursday, June 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 18,032 shares of company stock worth $28,153,015. 3.46% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently bought and sold shares of FICO. Vanguard Group Inc. boosted its stake in Fair Isaac by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,997,525 shares of the technology company’s stock valued at $5,479,356,000 after acquiring an additional 35,091 shares during the last quarter. State Street Corp raised its holdings in shares of Fair Isaac by 1.2% in the 2nd quarter. State Street Corp now owns 1,083,410 shares of the technology company’s stock worth $1,980,430,000 after purchasing an additional 13,018 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock valued at $1,518,803,000 after purchasing an additional 3,677 shares during the last quarter. Geode Capital Management LLC grew its holdings in Fair Isaac by 2.0% during the second quarter. Geode Capital Management LLC now owns 712,699 shares of the technology company’s stock valued at $1,299,727,000 after purchasing an additional 13,906 shares during the period. Finally, American Century Companies Inc. increased its position in Fair Isaac by 2.8% in the second quarter. American Century Companies Inc. now owns 397,389 shares of the technology company’s stock worth $726,411,000 after buying an additional 10,771 shares during the last quarter. 85.75% of the stock is currently 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.