Needham & Company LLC Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its price target increased by equities researchers at Needham & Company LLC from $1,850.00 to $2,500.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective points to a potential upside of 15.55% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group initiated coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Oppenheimer lifted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Barclays lifted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac Trading Up 3.5 %

Shares of NYSE FICO traded up $72.97 during midday trading on Thursday, reaching $2,163.60. The company’s stock had a trading volume of 175,505 shares, compared to its average volume of 170,003. Fair Isaac has a fifty-two week low of $900.01 and a fifty-two week high of $2,173.84. The stock has a 50 day simple moving average of $1,926.47 and a 200-day simple moving average of $1,629.35. The stock has a market capitalization of $53.05 billion, a price-to-earnings ratio of 113.75, a PEG ratio of 3.68 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its earnings results on Wednesday, November 6th. The technology company reported $5.34 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.10). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The firm had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. As a group, equities analysts anticipate that Fair Isaac will post 19.33 EPS for the current year.

Fair Isaac declared that its board has approved a share buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $15,200,560 over the last quarter. 3.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac during the 3rd quarter worth $25,000. EntryPoint Capital LLC purchased a new position in Fair Isaac during the 1st quarter valued at about $25,000. Tortoise Investment Management LLC grew its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Fair Isaac during the 1st quarter valued at about $26,000. Finally, Family Firm Inc. purchased a new position in Fair Isaac during the 2nd quarter valued at about $34,000. 85.75% of the stock is currently owned by 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.