Brokerages Set Fair Isaac Co. (NYSE:FICO) Target Price at $1,964.92

Fair Isaac Co. (NYSE:FICO) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $1,964.92.

A number of research analysts have recently commented on the company. Oppenheimer raised their price target on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Barclays boosted their price target 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. Robert W. Baird increased their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price for the company. Finally, Needham & Company LLC lifted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Fair Isaac Trading Down 0.1 %

Shares of NYSE FICO opened at $2,348.10 on Friday. Fair Isaac has a 12-month low of $991.04 and a 12-month high of $2,369.05. The company has a market cap of $57.18 billion, a PE ratio of 114.82, a P/E/G ratio of 4.32 and a beta of 1.35. The stock has a 50 day simple moving average of $1,973.38 and a 200-day simple moving average of $1,664.57.

Fair Isaac declared that its board has approved a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Fair Isaac

In other news, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Several large investors have recently made changes to their positions in FICO. Heritage Family Offices LLP increased its position in Fair Isaac by 2.0% during the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after buying an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Fair Isaac by 5.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after acquiring an additional 6 shares during the last quarter. Covestor Ltd raised its stake in shares of Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. 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.