Brokerages Set Fair Isaac Co. (NYSE:FICO) Price Target at $1,964.92

Fair Isaac Co. (NYSE:FICO - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $1,964.92.

A number of brokerages recently commented on FICO. Robert W. Baird lifted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Thursday. Royal Bank of Canada reissued a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday. Oppenheimer increased their price objective on 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. Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective 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.

Insider Activity at Fair Isaac

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

Hedge Funds Weigh In On Fair Isaac

Large investors have recently made changes to their positions in the stock. Quent Capital LLC boosted its position in Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company's stock worth $292,000 after purchasing an additional 24 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Fair Isaac by 1.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,666 shares of the technology company's stock valued at $4,581,000 after acquiring an additional 52 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Fair Isaac during the first quarter worth about $3,213,000. Forsta AP Fonden lifted its holdings in shares of Fair Isaac by 8.2% in the first quarter. Forsta AP Fonden now owns 6,600 shares of the technology company's stock valued at $8,247,000 after purchasing an additional 500 shares in the last quarter. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Fair Isaac in the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Stock Up 7.2 %

Shares of NYSE FICO traded up $156.19 during midday trading on Friday, reaching $2,332.29. 275,985 shares of the stock were exchanged, compared to its average volume of 154,391. The firm has a 50-day simple moving average of $1,947.74 and a two-hundred day simple moving average of $1,644.51. Fair Isaac has a twelve month low of $900.01 and a twelve month high of $2,351.98. The firm has a market cap of $56.79 billion, a price-to-earnings ratio of 114.05, a PEG ratio of 3.87 and a beta of 1.35.

Fair Isaac announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire 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.

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.