Fair Isaac (NYSE:FICO) Sets New 52-Week High at $1,907.49

Fair Isaac Co. (NYSE:FICO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $1,907.49 and last traded at $1,878.58, with a volume of 7386 shares traded. The stock had previously closed at $1,894.98.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Barclays increased their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Oppenheimer initiated coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 target price on the stock. Finally, Wolfe Research initiated coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Up 0.8 %

The stock’s fifty day moving average price is $1,693.81 and its two-hundred day moving average price is $1,443.55. The company has a market capitalization of $46.96 billion, a PE ratio of 99.75, a price-to-earnings-growth ratio of 4.41 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The firm had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, equities research analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current year.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at $997,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 over the last three months. Company insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of FICO. EntryPoint Capital LLC bought a new position in shares of Fair Isaac during the first quarter valued at approximately $25,000. Tortoise Investment Management LLC increased its stake in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac during the first quarter valued at approximately $26,000. Family Firm Inc. bought a new position in shares of Fair Isaac during the second quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac during the first quarter valued at approximately $31,000. 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.