Fair Isaac (NYSE:FICO) Stock Price Expected to Rise, Oppenheimer Analyst Says

Fair Isaac (NYSE:FICO) had its price target hoisted by Oppenheimer from $2,324.00 to $2,515.00 in a research note issued to investors on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also issued reports on FICO. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays raised their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,998.75.

Fair Isaac Stock Performance

FICO stock opened at $2,371.47 on Monday. Fair Isaac has a 52 week low of $1,099.74 and a 52 week high of $2,402.51. The firm’s fifty day moving average is $2,117.64 and its 200 day moving average is $1,777.29. The firm has a market cap of $57.74 billion, a P/E ratio of 117.00, a P/E/G ratio of 4.29 and a beta of 1.36.

Insider Transactions at Fair Isaac

In related news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares in the company, valued at $113,456,446.95. The trade was a 6.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,429 shares of company stock valued at $14,970,137. Company insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. International Assets Investment Management LLC lifted its stake in shares of Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Fair Isaac by 1,270.9% in the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after buying an additional 67,931 shares in the last quarter. FMR LLC lifted its stake in shares of Fair Isaac by 46.1% in the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after buying an additional 65,297 shares in the last quarter. Westwind Capital lifted its stake in shares of Fair Isaac by 891.8% in the second quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock worth $10,382,000 after buying an additional 62,710 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after buying an additional 62,653 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

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.