Fair Isaac (NYSE:FICO) Given New $1,418.00 Price Target at Raymond James

Fair Isaac (NYSE:FICO) had its price target increased by Raymond James from $1,413.00 to $1,418.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price target for the company. Jefferies Financial Group upped their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a research note on Friday, January 26th. Barclays increased their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $1,500.00 price target on shares of Fair Isaac in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Fair Isaac currently has a consensus rating of Moderate Buy and an average price target of $1,182.09.

Fair Isaac Stock Performance

NYSE FICO opened at $1,110.85 on Friday. Fair Isaac has a 1 year low of $714.63 and a 1 year high of $1,349.75. The business’s fifty day moving average is $1,237.78 and its two-hundred day moving average is $1,149.19. The stock has a market capitalization of $27.60 billion, a P/E ratio of 58.31, a P/E/G ratio of 2.65 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to the consensus estimate of $386.55 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. On average, research analysts forecast that Fair Isaac will post 19.93 earnings per share for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the transaction, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,000 shares of company stock worth $29,011,120 over the last three months. 3.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FICO. Cornercap Investment Counsel Inc. bought a new position in shares of Fair Isaac during the fourth quarter valued at about $249,000. Patton Fund Management Inc. lifted its position in shares of Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after purchasing an additional 2,164 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Fair Isaac by 289.0% during the fourth quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock valued at $2,721,000 after purchasing an additional 1,737 shares in the last quarter. abrdn plc raised its position in Fair Isaac by 33.1% in the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock worth $16,906,000 after acquiring an additional 3,611 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock worth $4,152,000 after acquiring an additional 4,212 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.