Fair Isaac (NYSE:FICO) Price Target Raised to $2,275.00 at Jefferies Financial Group

Fair Isaac (NYSE:FICO) had its target price hoisted by Jefferies Financial Group from $2,250.00 to $2,275.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

FICO has been the topic of a number of other reports. Oppenheimer decreased their target price on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group initiated coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. The Goldman Sachs Group raised their target price on 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, Robert W. Baird raised their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,087.77.

Fair Isaac Price Performance

NYSE FICO opened at $2,025.12 on Wednesday. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The business’s fifty day moving average price is $2,174.74 and its 200-day moving average price is $1,926.32. The stock has a market capitalization of $49.31 billion, a price-to-earnings ratio of 99.03, a PEG ratio of 3.55 and a beta of 1.40.

Insider Activity

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the transaction, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,589 shares of company stock valued at $31,258,963. Corporate insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors have recently bought and sold shares of FICO. J.W. Cole Advisors Inc. purchased a new position in Fair Isaac in the second quarter worth $256,000. Dimensional Fund Advisors LP grew its holdings in Fair Isaac by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 105,267 shares of the technology company’s stock worth $156,704,000 after purchasing an additional 5,642 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Fair Isaac by 93.1% in the second quarter. Axxcess Wealth Management LLC now owns 390 shares of the technology company’s stock worth $581,000 after purchasing an additional 188 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Fair Isaac by 2.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after purchasing an additional 8 shares during the last quarter. Finally, Wealth Alliance grew its holdings in Fair Isaac by 16.3% in the second quarter. Wealth Alliance now owns 456 shares of the technology company’s stock worth $679,000 after purchasing an additional 64 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

About Fair Isaac

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.