Wells Fargo & Company Lowers Fair Isaac (NYSE:FICO) Price Target to $2,600.00

Fair Isaac (NYSE:FICO) had its price objective decreased by Wells Fargo & Company from $2,650.00 to $2,600.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 38.17% from the company’s previous close.

A number of other research firms have also recently commented on FICO. Needham & Company LLC reiterated a “buy” rating and set a $2,500.00 price target on shares of Fair Isaac in a report on Wednesday. Jefferies Financial Group lowered their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report 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 stock. According to MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus price target of $2,078.15.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,881.80 on Wednesday. The firm has a market cap of $46.00 billion, a price-to-earnings ratio of 92.02, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The stock’s 50-day moving average is $2,028.91 and its 200-day moving average is $1,957.75. Fair Isaac has a one year low of $1,105.65 and a one year 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 EPS 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 analysts expect that Fair Isaac will post 24.88 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction 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 sale, 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 SEC, which can be accessed through this link. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock valued at $31,258,963 in the last three months. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Several institutional investors have recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the third quarter worth $25,000. 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 worth $39,000 after purchasing an additional 18 shares during the period. Berbice Capital Management LLC purchased a new position in Fair Isaac during the 4th quarter valued at about $40,000. Meeder Asset Management Inc. increased its position in shares of Fair Isaac by 37.5% during the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company’s stock valued at $48,000 after acquiring an additional 20 shares during the period. 85.75% of the stock is 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.