Barclays Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO - Get Free Report) had its target price cut by stock analysts at Barclays from $2,350.00 to $2,250.00 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price suggests a potential upside of 24.39% from the stock's previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. assumed coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 target price on the stock. Jefferies Financial Group cut their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group lowered their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,080.46.

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Fair Isaac Stock Up 7.9 %

NYSE FICO traded up $131.66 on Friday, reaching $1,808.77. 110,079 shares of the stock traded hands, compared to its average volume of 179,210. The company has a market cap of $44.17 billion, a price-to-earnings ratio of 83.27, a P/E/G ratio of 3.27 and a beta of 1.37. The firm's fifty day simple moving average is $1,813.35 and its 200 day simple moving average is $1,983.89. Fair Isaac has a 12 month low of $1,105.65 and a 12 month high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts' consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. As a group, equities research analysts forecast that Fair Isaac will post 24.15 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at approximately $76,026,643.74. This represents a 12.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,241 shares of company stock valued at $18,186,184. 3.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fair Isaac

Several large investors have recently made changes to their positions in FICO. Vanguard Group Inc. boosted its position in shares of Fair Isaac by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after acquiring an additional 22,178 shares during the period. State Street Corp increased its holdings in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company's stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fair Isaac by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after buying an additional 17,656 shares during the period. Finally, Principal Financial Group Inc. grew its position in Fair Isaac by 0.5% during the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company's stock worth $724,122,000 after buying an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company's stock.

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.