Barclays Cuts Fair Isaac (NYSE:FICO) Price Target to $2,250.00

Fair Isaac (NYSE:FICO) had its price objective reduced by Barclays from $2,350.00 to $2,250.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other research firms also recently issued reports on FICO. UBS Group dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group cut their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company cut their target price on Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,080.46.

Fair Isaac Price Performance

Shares of FICO opened at $1,681.51 on Friday. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 77.17, a PEG ratio of 3.27 and a beta of 1.37. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.52. The company has a 50-day moving average of $1,823.53 and a 200 day moving average of $1,989.53.

Fair Isaac (NYSE:FICO) last posted its quarterly 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 net margin of 30.66% and a negative return on equity of 53.40%. On average, equities analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William J. Lansing sold 4,092 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the completion of the transaction, the chief executive officer now owns 42,138 shares in the company, valued at $72,801,401.22. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were 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 owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,241 shares of company stock valued at $18,186,184. Insiders own 3.46% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently bought and sold shares of the business. Mechanics Bank Trust Department raised its holdings in shares of Fair Isaac by 5.7% during the fourth quarter. Mechanics Bank Trust Department now owns 112 shares of the technology company’s stock worth $223,000 after purchasing an additional 6 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in shares of Fair Isaac by 1.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 473 shares of the technology company’s stock valued at $942,000 after buying an additional 6 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Fair Isaac by 2.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 306 shares of the technology company’s stock valued at $609,000 after buying an additional 6 shares during the period. Mather Group LLC. boosted its stake in shares of Fair Isaac by 5.2% in the fourth quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock worth $243,000 after buying an additional 6 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Fair Isaac by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.