Fair Isaac (NYSE:FICO) Hits New 1-Year High Following Analyst Upgrade

Fair Isaac Co. (NYSE:FICO - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday after Needham & Company LLC raised their price target on the stock from $1,850.00 to $2,500.00. Needham & Company LLC currently has a buy rating on the stock. Fair Isaac traded as high as $2,173.84 and last traded at $2,079.09, with a volume of 21458 shares changing hands. The stock had previously closed at $2,090.63.

Several other equities analysts have also commented on FICO. Robert W. Baird upped their price target on shares of 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 reaffirmed a "sector perform" rating and set a $2,040.00 price target on shares of Fair Isaac in a research report on Thursday. Oppenheimer upped their price target on shares of 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 upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an "overweight" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of "Moderate Buy" and an average target price of $1,964.92.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joanna Rees sold 3,961 shares of the firm'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president now directly owns 5,769 shares of the company's stock, valued at approximately $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 three months, insiders sold 8,761 shares of company stock valued at $15,200,560. Corporate insiders own 3.54% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the 3rd quarter worth about $25,000. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the 1st quarter worth about $25,000. Tortoise Investment Management LLC lifted its position 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 purchasing an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Fair Isaac in the 1st quarter valued at about $26,000. Finally, Family Firm Inc. bought a new stake in Fair Isaac in the 2nd quarter valued at about $34,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Trading Up 4.1 %

The stock has a market capitalization of $53.37 billion, a P/E ratio of 114.44, a P/E/G ratio of 3.68 and a beta of 1.35. The company's 50-day moving average is $1,935.74 and its two-hundred day moving average is $1,633.15.

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 for the quarter, missing the consensus estimate of $5.44 by ($0.10). The firm had revenue of $453.81 million during the quarter, compared to the consensus estimate of $454.78 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Sell-side analysts expect that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its board has approved a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management 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.