Oppenheimer Lowers Fair Isaac (NYSE:FICO) Price Target to $2,409.00

Fair Isaac (NYSE:FICO - Free Report) had its price target decreased by Oppenheimer from $2,515.00 to $2,409.00 in a report released on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the technology company's stock.

FICO has been the subject of several other research reports. UBS Group began coverage on Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price target on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,024.31.

Fair Isaac Price Performance

Shares of FICO stock traded down $31.14 during mid-day trading on Tuesday, hitting $1,936.87. 139,868 shares of the stock traded hands, compared to its average volume of 170,866. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a market cap of $47.16 billion, a P/E ratio of 94.71, a P/E/G ratio of 4.00 and a beta of 1.36. The stock's fifty day moving average is $2,181.82 and its two-hundred day moving average is $1,909.01.

Insider Transactions at Fair Isaac

In related news, Director Marc F. Mcmorris sold 520 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the sale, the director now owns 242 shares of the company's stock, valued at approximately $520,921.94. The trade was a 68.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,450 shares of company stock valued at $30,985,908 in the last ninety days. 3.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Large investors have recently bought and sold shares of the company. Pensionfund Sabic boosted its stake in shares of Fair Isaac by 14.3% in the fourth quarter. Pensionfund Sabic now owns 800 shares of the technology company's stock worth $1,593,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Fair Isaac by 36.4% in the 4th quarter. GAMMA Investing LLC now owns 90 shares of the technology company's stock valued at $179,000 after purchasing an additional 24 shares in the last quarter. Versant Capital Management Inc boosted its stake in Fair Isaac by 500.0% during the 4th quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock worth $48,000 after purchasing an additional 20 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fair Isaac by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company's stock worth $1,308,460,000 after buying an additional 7,466 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Fair Isaac by 18.8% in the third quarter. Lord Abbett & CO. LLC now owns 23,471 shares of the technology company's stock valued at $45,616,000 after buying an additional 3,721 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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.