Fair Isaac Co. (NYSE:FICO) Receives Average Rating of "Moderate Buy" from Brokerages

Fair Isaac Co. (NYSE:FICO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2,022.67.

FICO has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research report on Thursday. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 price objective for the company. Finally, Barclays lifted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th.

Insider Activity

In related news, EVP James M. Wehmann sold 3,500 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the transaction, the executive vice president now directly owns 48,895 shares of the company's stock, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,429 shares of company stock worth $14,970,137 in the last quarter. Corporate insiders own 3.54% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the third quarter valued at about $25,000. Tortoise Investment Management LLC raised its holdings in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock valued at $30,000 after acquiring an additional 9 shares during the last quarter. Family Firm Inc. purchased a new position in Fair Isaac in the 2nd quarter worth approximately $34,000. True Wealth Design LLC boosted its holdings in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after purchasing an additional 18 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Down 0.4 %

Shares of NYSE:FICO traded down $8.67 during trading on Thursday, hitting $2,367.16. The stock had a trading volume of 142,338 shares, compared to its average volume of 169,009. Fair Isaac has a 12-month low of $1,099.74 and a 12-month high of $2,402.51. The stock has a 50-day simple moving average of $2,126.85 and a two-hundred day simple moving average of $1,781.45. The stock has a market capitalization of $57.64 billion, a price-to-earnings ratio of 115.68, a price-to-earnings-growth ratio of 4.32 and a beta of 1.36.

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.