Fair Isaac's (FICO) Sector Perform Rating Reiterated at Royal Bank of Canada

Fair Isaac (NYSE:FICO - Get Free Report)'s stock had its "sector perform" rating reissued by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $2,040.00 target price on the technology company's stock. Royal Bank of Canada's price target indicates a potential downside of 6.28% from the company's current price.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC boosted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays raised 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. Oppenheimer boosted their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,964.92.

Fair Isaac Stock Performance

Shares of NYSE FICO traded up $86.09 during mid-day trading on Thursday, reaching $2,176.72. The company's stock had a trading volume of 344,177 shares, compared to its average volume of 170,784. The stock has a 50-day moving average of $1,926.47 and a two-hundred day moving average of $1,629.35. The stock has a market capitalization of $53.37 billion, a P/E 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.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $5.34 EPS for the quarter, missing analysts' consensus estimates of $5.44 by ($0.10). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The business had revenue of $453.81 million during the quarter, compared to analyst estimates of $454.78 million. Analysts predict that Fair Isaac will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its board has initiated a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac in the 3rd quarter valued at $25,000. EntryPoint Capital LLC purchased a new stake in Fair Isaac in the 1st quarter valued at $25,000. Tortoise Investment Management LLC boosted its stake in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after purchasing an additional 9 shares during the period. Advisors Asset Management Inc. purchased a new position in Fair Isaac during the 1st quarter worth $26,000. Finally, Family Firm Inc. acquired a new position in Fair Isaac in the second quarter valued at $34,000. 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.