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

Fair Isaac (NYSE:FICO) had its target price reduced by Oppenheimer from $2,515.00 to $2,409.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Barclays raised their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. 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. The Goldman Sachs Group increased their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, 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 objective on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,024.31.

Fair Isaac Price Performance

Shares of FICO opened at $1,936.87 on Tuesday. The company has a 50-day simple moving average of $2,181.82 and a two-hundred day simple moving average of $1,909.01. The firm has a market capitalization of $47.16 billion, a PE ratio of 94.71, a price-to-earnings-growth ratio of 4.00 and a beta of 1.36. Fair Isaac has a one year low of $1,105.65 and a one year high of $2,402.51.

Insider Activity at Fair Isaac

In other news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction that occurred 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 owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,450 shares of company stock valued at $30,985,908. 3.54% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently bought and sold shares of the company. First National Bank of Omaha bought a new position in Fair Isaac in the third quarter worth approximately $1,576,000. National Bank of Canada FI raised its holdings in Fair Isaac by 51.9% in the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after purchasing an additional 6,768 shares during the period. Swedbank AB lifted its position in Fair Isaac by 11.5% during the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares in the last quarter. BNP Paribas bought a new stake in Fair Isaac during the third quarter valued at about $445,000. Finally, Harvest Fund Management Co. Ltd increased its position 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 buying an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.