Robert W. Baird Has Lowered Expectations for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its price target lowered by analysts at Robert W. Baird from $1,975.00 to $1,775.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target indicates a potential downside of 5.68% from the company’s current price.

Several other analysts also recently commented on FICO. Barclays raised 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 report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Oppenheimer reduced their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 target price on shares of Fair Isaac in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Performance

FICO opened at $1,881.80 on Wednesday. Fair Isaac has a twelve month low of $1,105.65 and a twelve month high of $2,402.51. The firm has a market cap of $46.00 billion, a PE ratio of 92.02, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The firm’s fifty day moving average is $2,028.91 and its two-hundred day moving average is $1,957.75.

Fair Isaac (NYSE:FICO) last posted its 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%. Equities analysts forecast that Fair Isaac will post 24.88 EPS for the current fiscal year.

Insider Activity at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 in the company, valued at $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. In the last ninety days, insiders sold 13,589 shares of company stock worth $31,258,963. Insiders own 3.46% of the company’s stock.

Institutional Trading of Fair Isaac

Several hedge funds and other institutional investors have recently modified their holdings of FICO. Inceptionr LLC acquired a new stake in Fair Isaac during the fourth quarter worth approximately $325,000. Raymond James Financial Inc. bought a new stake in Fair Isaac in the 4th quarter valued at about $199,441,000. Promus Capital LLC acquired a new position in shares of Fair Isaac during the 4th quarter worth approximately $84,000. Cullen Frost Bankers Inc. bought a new position in shares of Fair Isaac during the fourth quarter worth approximately $68,000. Finally, Arizona State Retirement System increased its holdings in shares of Fair Isaac by 0.6% during the fourth quarter. Arizona State Retirement System now owns 7,122 shares of the technology company’s stock worth $14,179,000 after purchasing an additional 42 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.