Fair Isaac (NYSE:FICO) Shares Gap Up After Analyst Upgrade

Shares of Fair Isaac Corporation (NYSE:FICO) gapped up prior to trading on Thursday after Barclays raised their price target on the stock from $2,000.00 to $2,400.00. The stock had previously closed at $1,512.71, but opened at $1,785.50. Barclays currently has an overweight rating on the stock. Fair Isaac shares last traded at $1,884.45, with a volume of 542,035 shares changing hands.

FICO has been the subject of several other research reports. Wells Fargo & Company set a $2,300.00 target price on shares of Fair Isaac in a research note on Wednesday. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. Finally, Oppenheimer decreased their price target on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $2,130.29.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the sale, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 18,032 shares of company stock valued at $28,153,015 over the last three months. Company insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several large investors have recently added to or reduced their stakes in FICO. GAMMA Investing LLC lifted its holdings in Fair Isaac by 27.0% during the third quarter. GAMMA Investing LLC now owns 179 shares of the technology company’s stock valued at $268,000 after purchasing an additional 38 shares during the last quarter. WT Wealth Management purchased a new position in Fair Isaac in the 2nd quarter valued at approximately $232,000. Osaic Holdings Inc. raised its holdings in Fair Isaac by 12.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,166 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 130 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Fair Isaac by 16.4% during the second quarter. Orion Porfolio Solutions LLC now owns 751 shares of the technology company’s stock worth $1,373,000 after acquiring an additional 106 shares in the last quarter. Finally, Marex Group plc bought a new position in shares of Fair Isaac in the second quarter worth $249,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 17.8%

The company has a market capitalization of $42.75 billion, a PE ratio of 69.67, a PEG ratio of 2.37 and a beta of 1.35. The company has a 50-day moving average price of $1,469.68 and a two-hundred day moving average price of $1,703.01.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same quarter last year, the company earned $6.25 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, equities analysts anticipate that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share buyback program on Thursday, June 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.