Robert W. Baird Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price objective decreased by investment analysts at Robert W. Baird from $1,975.00 to $1,775.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective points to a potential downside of 5.68% from the company’s previous close.

Several other brokerages have also issued reports on FICO. Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group decreased their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Barclays increased their price target 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. Jefferies Financial Group lowered their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.

Fair Isaac Trading Up 1.8 %

NYSE FICO opened at $1,881.80 on Wednesday. The firm’s 50 day simple moving average is $2,028.91 and its 200 day simple moving average is $1,957.75. The firm has a market capitalization of $46.00 billion, a price-to-earnings ratio of 92.02, a P/E/G ratio of 3.45 and a beta of 1.39. Fair Isaac has a 1 year low of $1,105.65 and a 1 year high of $2,402.51.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 2,680 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the sale, the chief financial officer now directly owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,589 shares of company stock valued at $31,258,963. 3.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First National Bank of Omaha acquired a new position in shares of Fair Isaac during the third quarter valued at about $1,576,000. National Bank of Canada FI raised its stake in Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock worth $38,514,000 after buying an additional 6,768 shares during the period. Donoghue Forlines LLC bought a new position in Fair Isaac in the fourth quarter worth approximately $1,935,000. Swedbank AB grew its stake in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after acquiring an additional 1,013 shares during the period. Finally, BNP Paribas bought a new stake in shares of Fair Isaac during the third quarter valued at approximately $445,000. 85.75% of the stock is owned by institutional investors.

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.