Oppenheimer Increases Fair Isaac (NYSE:FICO) Price Target to $2,515.00

Fair Isaac (NYSE:FICO) had its target price increased by investment analysts at Oppenheimer from $2,324.00 to $2,515.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective points to a potential upside of 7.23% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Barclays lifted their target price 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, November 7th. Needham & Company LLC boosted their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group initiated coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,998.75.

Fair Isaac Trading Up 0.6 %

Shares of FICO opened at $2,345.32 on Monday. The business’s 50-day moving average price is $2,109.07 and its 200 day moving average price is $1,770.72. The stock has a market capitalization of $57.11 billion, a P/E ratio of 114.69, a P/E/G ratio of 4.29 and a beta of 1.36. Fair Isaac has a 1-year low of $1,099.74 and a 1-year high of $2,402.51.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s 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 transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,390 shares of company stock valued at $21,901,887 in the last quarter. Insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

A number of hedge funds have recently modified their holdings of FICO. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the third quarter worth about $25,000. Tortoise Investment Management LLC raised its holdings in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares in the last quarter. Family Firm Inc. bought a new position in shares of Fair Isaac during the 2nd quarter worth approximately $34,000. True Wealth Design LLC boosted its stake in Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after buying an additional 18 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6 shares during the period. 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.