Robert W. Baird Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its price target raised by Robert W. Baird from $1,700.00 to $2,000.00 in a report published on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

Several other brokerages have also weighed in on FICO. Royal Bank of Canada restated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC lifted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group started coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price for the company. Finally, Barclays lifted 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 research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Trading Up 7.1 %

FICO traded up $153.95 on Thursday, reaching $2,330.05. The company had a trading volume of 275,910 shares, compared to its average volume of 171,269. The company has a market capitalization of $57.13 billion, a P/E ratio of 114.44, a PEG ratio of 3.68 and a beta of 1.35. The company has a fifty day moving average of $1,935.74 and a 200-day moving average of $1,633.15. Fair Isaac has a one year low of $900.01 and a one year high of $2,351.98.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $5.34 earnings per share (EPS) 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 company had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. Research analysts predict that Fair Isaac will post 19.33 EPS for the current year.

Fair Isaac announced that its board has initiated a share repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heritage Family Offices LLP boosted its stake in Fair Isaac by 2.0% during the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after purchasing an additional 5 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Fair Isaac by 5.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after acquiring an additional 6 shares during the period. Covestor Ltd grew its stake in shares of Fair Isaac by 30.0% in the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.