Wells Fargo & Company Cuts Fair Isaac (NYSE:FICO) Price Target to $2,600.00

Fair Isaac (NYSE:FICO - Free Report) had its price objective trimmed by Wells Fargo & Company from $2,650.00 to $2,600.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the technology company's stock.

FICO has been the topic of a number of other research reports. Oppenheimer decreased their target price on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird lowered their target price on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research note on Wednesday. Jefferies Financial Group cut their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They set a "neutral" rating and a $2,150.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has a consensus rating of "Moderate Buy" and an average price target of $2,078.15.

Fair Isaac Stock Performance

Shares of FICO stock traded down $28.33 during mid-day trading on Wednesday, reaching $1,858.97. 178,960 shares of the company's stock traded hands, compared to its average volume of 254,241. Fair Isaac has a 12 month low of $1,105.65 and a 12 month high of $2,402.51. The firm has a 50 day moving average price of $2,018.44 and a two-hundred day moving average price of $1,961.65. The firm has a market capitalization of $45.40 billion, a PE ratio of 85.31, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts expect that Fair Isaac will post 23.91 earnings per share for the current fiscal year.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James M. Wehmann sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares of the company's stock, valued at $107,760,920.75. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. 3.46% of the stock is currently owned by insiders.

Institutional Trading of Fair Isaac

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

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.