Needham & Company LLC Reiterates “Buy” Rating for Fair Isaac (NYSE:FICO)

Fair Isaac (NYSE:FICO)‘s stock had its “buy” rating reissued by Needham & Company LLC in a report released on Friday,Benzinga reports. They presently have a $2,500.00 price objective on the technology company’s stock. Needham & Company LLC’s price target suggests a potential upside of 31.94% from the stock’s current price.

Several other analysts have also recently commented on the company. Oppenheimer lowered their price target on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday. They issued a “buy” rating and a $2,800.00 target price for the company. 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 stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Robert W. Baird lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,131.86.

Fair Isaac Price Performance

Fair Isaac stock opened at $1,894.76 on Friday. The firm’s 50-day moving average is $1,814.70 and its two-hundred day moving average is $1,981.71. The stock has a market capitalization of $46.27 billion, a P/E ratio of 86.96, a P/E/G ratio of 3.27 and a beta of 1.37. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its 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 53.40% and a net margin of 30.66%. As a group, analysts forecast that Fair Isaac will post 24.15 EPS for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 2,956 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $1,761.13, for a total transaction of $5,205,900.28. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company’s stock, valued at approximately $74,210,495.94. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 13,058 shares of company stock valued at $23,119,030. Corporate insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Rakuten Securities Inc. lifted its stake in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at approximately $26,000. Berbice Capital Management LLC acquired a new stake in shares of Fair Isaac during the fourth quarter worth approximately $40,000. Avalon Trust Co bought a new stake in shares of Fair Isaac in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new stake in Fair Isaac in the fourth quarter valued at $42,000. 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.