Fair Isaac (NYSE:FICO – Get Rating) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from $697.00 to $720.00 in a report released on Friday, The Fly reports. The brokerage currently has a "buy" rating on the technology company's stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 9.05% from the stock's previous close.
A number of other analysts have also issued reports on the company. Jefferies Financial Group lifted their price target on Fair Isaac from $715.00 to $745.00 and gave the stock a "buy" rating in a research note on Friday. Needham & Company LLC lifted their price objective on Fair Isaac from $630.00 to $780.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird lifted their price objective on Fair Isaac from $537.00 to $655.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays lifted their price objective on Fair Isaac from $575.00 to $700.00 and gave the stock an "overweight" rating in a research report on Friday, December 2nd. Finally, Royal Bank of Canada lifted their price objective on Fair Isaac from $463.00 to $685.00 and gave the stock a "sector perform" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $727.43.
Get Fair Isaac alerts:Fair Isaac Trading Up 2.2 %
Shares of FICO opened at $660.25 on Friday. The stock's 50 day moving average is $610.07 and its two-hundred day moving average is $512.67. The firm has a market cap of $16.61 billion, a P/E ratio of 44.16 and a beta of 1.28. Fair Isaac has a 12 month low of $340.48 and a 12 month high of $676.98.
Fair Isaac (NYSE:FICO – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The technology company reported $3.56 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.56. The firm had revenue of $348.75 million for the quarter, compared to analyst estimates of $355.10 million. Fair Isaac had a negative return on equity of 48.09% and a net margin of 27.59%. Equities research analysts forecast that Fair Isaac will post 16.07 EPS for the current year.Insider Buying and Selling at Fair Isaac
In other Fair Isaac news, Director Braden R. Kelly sold 3,000 shares of Fair Isaac stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $630.00, for a total value of $1,890,000.00. Following the sale, the director now owns 9,606 shares in the company, valued at $6,051,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Michael S. Leonard sold 640 shares of the business's stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $629.25, for a total value of $402,720.00. Following the sale, the chief accounting officer now owns 5,237 shares in the company, valued at approximately $3,295,382.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Braden R. Kelly sold 3,000 shares of the business's stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $630.00, for a total value of $1,890,000.00. Following the completion of the sale, the director now owns 9,606 shares in the company, valued at approximately $6,051,780. The disclosure for this sale can be found here. Insiders have sold 20,072 shares of company stock worth $12,180,047 over the last quarter. 3.27% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Fair Isaac
Several institutional investors and hedge funds have recently modified their holdings of the company. Quent Capital LLC raised its holdings in shares of Fair Isaac by 10.6% in the 4th quarter. Quent Capital LLC now owns 178 shares of the technology company's stock valued at $107,000 after buying an additional 17 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Fair Isaac by 79.2% in the 4th quarter. Lindbrook Capital LLC now owns 43 shares of the technology company's stock valued at $26,000 after buying an additional 19 shares during the period. Inspire Investing LLC raised its holdings in shares of Fair Isaac by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 524 shares of the technology company's stock valued at $210,000 after buying an additional 20 shares during the period. Magnus Financial Group LLC raised its holdings in shares of Fair Isaac by 3.6% in the 2nd quarter. Magnus Financial Group LLC now owns 631 shares of the technology company's stock valued at $253,000 after buying an additional 22 shares during the period. Finally, Heritage Wealth Management LLC grew its stake in Fair Isaac by 2.2% during the 3rd quarter. Heritage Wealth Management LLC now owns 1,015 shares of the technology company's stock worth $418,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.
About Fair Isaac
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
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