Fair Isaac (NYSE:FICO) Given New $2,600.00 Price Target at Wells Fargo & Company

Fair Isaac (NYSE:FICO) had its price objective cut by stock analysts at Wells Fargo & Company from $2,650.00 to $2,600.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 48.74% from the company’s current price.

Other equities analysts have also issued reports about the company. Robert W. Baird reduced their price target on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group raised their target price 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. UBS Group lowered their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Finally, Oppenheimer lowered their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,078.15.

Fair Isaac Trading Down 3.4 %

Shares of FICO traded down $61.70 during mid-day trading on Wednesday, reaching $1,748.00. The company’s stock had a trading volume of 174,701 shares, compared to its average volume of 220,656. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The company’s fifty day moving average price is $2,048.56 and its two-hundred day moving average price is $1,959.08. The stock has a market cap of $42.72 billion, a PE ratio of 85.48, a P/E/G ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 29.86% and a negative return on equity of 59.47%. Research analysts anticipate that Fair Isaac will post 24.88 EPS for the current year.

Insider Activity

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,589 shares of company stock worth $31,258,963. Corporate insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FICO. International Assets Investment Management LLC raised its holdings in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after acquiring an additional 538,071 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Fair Isaac in the 4th quarter worth $261,610,000. AustralianSuper Pty Ltd raised its stake in shares of Fair Isaac by 1,270.9% in the third quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the last quarter. FMR LLC lifted its holdings in shares of Fair Isaac by 46.1% during the third quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after buying an additional 62,653 shares in 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.