Fair Isaac (NYSE:FICO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Fair Isaac (NYSE:FICO - Get Free Report) had its target price lifted by investment analysts at The Goldman Sachs Group from $2,130.00 to $2,374.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price target suggests a potential upside of 9.06% from the company's previous close.

Several other analysts have also commented on the stock. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a "sector perform" rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a "buy" rating in a report on Thursday, August 1st. UBS Group initiated coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price on the stock. Finally, Robert W. Baird increased their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,964.92.

Fair Isaac Stock Performance

FICO traded up $86.09 during trading on Thursday, hitting $2,176.72. 344,177 shares of the stock were exchanged, compared to its average volume of 170,784. The firm has a market cap of $53.37 billion, a price-to-earnings ratio of 113.75, a P/E/G ratio of 3.68 and a beta of 1.35. Fair Isaac has a 1 year low of $900.01 and a 1 year high of $2,188.93. The firm has a 50 day simple moving average of $1,926.47 and a 200 day simple moving average of $1,629.35.

Fair Isaac (NYSE:FICO - Get Free Report) last issued 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). The business had revenue of $453.81 million for the quarter, compared to analysts' expectations of $454.78 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. As a group, equities analysts anticipate that Fair Isaac will post 19.33 earnings per share for the current fiscal year.

Fair Isaac declared that its board has initiated a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,800 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Steven P. Weber sold 1,800 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares of the company's stock, valued at $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 5,769 shares of the company's stock, valued at $9,895,392.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,761 shares of company stock worth $15,200,560. Company insiders own 3.54% of the company's stock.

Institutional Trading of Fair Isaac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at about $472,000. Quent Capital LLC grew its holdings in Fair Isaac by 11.4% in the first quarter. Quent Capital LLC now owns 234 shares of the technology company's stock valued at $292,000 after purchasing an additional 24 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Fair Isaac by 0.7% in the first quarter. Texas Permanent School Fund Corp now owns 5,139 shares of the technology company's stock valued at $6,422,000 after buying an additional 34 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Fair Isaac by 1.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,666 shares of the technology company's stock worth $4,581,000 after buying an additional 52 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Fair Isaac by 14.3% during the 1st quarter. Empowered Funds LLC now owns 5,814 shares of the technology company's stock valued at $7,265,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds 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.