Fair Isaac (NYSE:FICO – Get Free Report) had its price objective lowered by analysts at Jefferies Financial Group from $1,675.00 to $925.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Jefferies Financial Group‘s price target suggests a potential upside of 29.04% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada cut their price objective on Fair Isaac from $1,525.00 to $1,045.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Credit Suisse Group set a $1,150.00 target price on Fair Isaac in a research note on Wednesday, September 30th. Needham & Company LLC cut their price target on shares of Fair Isaac from $1,650.00 to $1,100.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings lowered shares of Fair Isaac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Finally, Barclays decreased their price objective on shares of Fair Isaac from $935.00 to $875.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $967.12.
Read Our Latest Analysis on Fair Isaac
Fair Isaac Stock Performance
Shares of Fair Isaac stock traded up $5.61 during mid-day trading on Monday, hitting $716.84. 438,409 shares of the stock were exchanged, compared to its average volume of 464,567. Fair Isaac has a 12 month low of $586.05 and a 12 month high of $1,858.91. The company has a 50-day simple moving average of $871.80 and a 200 day simple moving average of $1,128.71. The company has a market capitalization of $15.48 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.87 and a beta of 1.35.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its stake in shares of Fair Isaac by 4.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 876 shares of the technology company’s stock valued at $714,000 after buying an additional 39 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in Fair Isaac by 1,709.2% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 21,710 shares of the technology company’s stock valued at $12,863,000 after acquiring an additional 20,510 shares during the period. First Nebraska Trust Co bought a new stake in Fair Isaac during the 3rd quarter valued at $726,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Fair Isaac during the third quarter worth $3,486,000. Finally, SFE Investment Counsel purchased a new stake in shares of Fair Isaac during the third quarter worth $280,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.
About Fair Isaac
Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.
FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.
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