Fair Isaac (NYSE:FICO) Price Target Lowered to $2,175.00 at Jefferies Financial Group

Fair Isaac (NYSE:FICO) had its price target decreased by Jefferies Financial Group from $2,275.00 to $2,175.00 in a report released on Wednesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on FICO. Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective for the company. Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC raised their price objective on 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $2,078.15.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,858.97 on Wednesday. The company has a market cap of $45.43 billion, a PE ratio of 90.90, a P/E/G ratio of 3.45 and a beta of 1.39. The business has a 50-day simple moving average of $2,018.44 and a two-hundred day simple moving average of $1,959.32. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results 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, sell-side analysts predict that Fair Isaac will post 24.88 earnings per share for the current fiscal year.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac 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 transaction of $6,266,402.80. Following the completion of the transaction, the executive vice president now directly owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the transaction, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. 3.46% of the stock is owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of institutional investors and hedge funds have recently made changes to their positions in FICO. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fair Isaac by 6.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 280 shares of the technology company’s stock worth $417,000 after acquiring an additional 17 shares during the last quarter. Czech National Bank boosted its stake in shares of Fair Isaac by 6.1% in the third quarter. Czech National Bank now owns 4,994 shares of the technology company’s stock worth $9,706,000 after acquiring an additional 285 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Fair Isaac by 20.0% in the third quarter. GAMMA Investing LLC now owns 66 shares of the technology company’s stock worth $128,000 after acquiring an additional 11 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Fair Isaac by 38.1% in the third quarter. Mather Group LLC. now owns 116 shares of the technology company’s stock worth $225,000 after acquiring an additional 32 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Fair Isaac by 13.4% in 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 last quarter. 85.75% of the stock is currently owned by hedge funds and other 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.