Fair Isaac (NYSE:FICO) Given New $2,275.00 Price Target at Jefferies Financial Group

Fair Isaac (NYSE:FICO - Free Report) had its price target hoisted by Jefferies Financial Group from $2,250.00 to $2,275.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the technology company's stock.

FICO has been the subject of a number of other reports. Barclays increased their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. started coverage on Fair Isaac in a research note on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $2,087.77.

Fair Isaac Stock Up 3.9 %

Shares of NYSE FICO traded up $75.59 during midday trading on Wednesday, hitting $2,025.12. The stock had a trading volume of 238,089 shares, compared to its average volume of 157,599. The stock has a 50 day simple moving average of $2,175.92 and a 200-day simple moving average of $1,925.62. The company has a market capitalization of $49.31 billion, a PE ratio of 99.03, a P/E/G ratio of 4.00 and a beta of 1.40. Fair Isaac has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

Insider Activity at Fair Isaac

In other news, 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 value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares of the company's stock, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.54% of the company's stock.

Institutional Trading of Fair Isaac

Large investors have recently modified their holdings of the stock. First National Bank of Omaha acquired a new position in Fair Isaac during the 3rd quarter worth $1,576,000. National Bank of Canada FI grew its position in shares of Fair Isaac by 51.9% during the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company's stock worth $38,514,000 after buying an additional 6,768 shares in the last quarter. Swedbank AB increased its stake in shares of Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company's stock worth $19,089,000 after buying an additional 1,013 shares during the period. BNP Paribas acquired a new stake in Fair Isaac in the third quarter valued at approximately $445,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Fair Isaac by 86.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company's stock worth $1,477,000 after acquiring an additional 352 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.