Fair Isaac (NYSE:FICO) Given New $2,293.00 Price Target at Oppenheimer

Fair Isaac (NYSE:FICO) had its target price lifted by stock analysts at Oppenheimer from $2,116.00 to $2,293.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective would suggest a potential upside of 9.76% from the stock’s current price.

Several other analysts also recently issued reports on FICO. Wells Fargo & Company dropped their price target on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada upgraded Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, April 30th. Raymond James raised their target price on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, 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 note on Monday, January 27th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,268.54.

Fair Isaac Trading Down 0.8 %

NYSE:FICO opened at $2,089.01 on Thursday. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 3.27 and a beta of 1.40. The stock has a 50-day moving average price of $1,879.31 and a two-hundred day moving average price of $1,980.37. Fair Isaac has a 1 year low of $1,266.72 and a 1 year high of $2,402.52.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. During the same period last year, the company posted $6.14 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Fair Isaac will post 24.15 earnings per share for the current year.

Insider Activity

In other news, EVP Thomas A. Bowers sold 4,077 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the completion of the sale, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now owns 42,138 shares in the company, valued at approximately $76,026,643.74. This trade represents a 12.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,135 shares of company stock valued at $31,505,623 over the last three months. Insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the period. Barclays PLC increased its holdings in shares of Fair Isaac by 24.8% during the third quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock worth $117,624,000 after purchasing an additional 12,038 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fair Isaac by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock valued at $1,308,460,000 after buying an additional 7,466 shares in the last quarter. GAMMA Investing LLC grew its position in Fair Isaac by 36.4% during the fourth quarter. GAMMA Investing LLC now owns 90 shares of the technology company’s stock worth $179,000 after buying an additional 24 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in Fair Isaac by 16.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 260 shares of the technology company’s stock worth $518,000 after acquiring an additional 37 shares during the period. Institutional investors 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.