Wells Fargo & Company Cuts Fair Isaac (NYSE:FICO) Price Target to $2,600.00

Fair Isaac (NYSE:FICO) had its target price lowered by research analysts at Wells Fargo & Company from $2,650.00 to $2,600.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 38.17% from the stock’s previous close.

A number of other research analysts have also recently issued reports on FICO. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. Robert W. Baird dropped their price target on shares of Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday. UBS Group cut their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,881.80 on Wednesday. The company has a market capitalization of $46.00 billion, a P/E ratio of 92.02, a PEG ratio of 3.45 and a beta of 1.39. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51. The stock has a 50 day moving average price of $2,028.91 and a two-hundred day moving average price of $1,957.75.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 59.47% and a net margin of 29.86%. As a group, equities analysts predict that Fair Isaac will post 24.88 earnings per share for the current year.

Insider Activity at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,589 shares of company stock valued at $31,258,963. 3.46% of the stock is owned by company insiders.

Institutional Trading of Fair Isaac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fair Isaac by 6.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock worth $417,000 after purchasing an additional 17 shares during the last quarter. Czech National Bank lifted its holdings in Fair Isaac by 6.1% during the 3rd quarter. Czech National Bank now owns 4,994 shares of the technology company’s stock valued at $9,706,000 after buying an additional 285 shares in the last quarter. GAMMA Investing LLC boosted its position in Fair Isaac by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 66 shares of the technology company’s stock valued at $128,000 after buying an additional 11 shares during the period. Mather Group LLC. grew its stake in Fair Isaac by 38.1% in the 3rd quarter. Mather Group LLC. now owns 116 shares of the technology company’s stock worth $225,000 after acquiring an additional 32 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of Fair Isaac by 13.4% during the third quarter. Atomi Financial Group Inc. now owns 245 shares of the technology company’s stock worth $476,000 after acquiring an additional 29 shares during the period. 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.