Wells Fargo & Company Boosts Fair Isaac (NYSE:FICO) Price Target to $2,200.00

Fair Isaac (NYSE:FICO) had its price target boosted by equities researchers at Wells Fargo & Company from $2,100.00 to $2,200.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 14.50% from the stock’s previous close.

A number of other research firms also recently issued reports on FICO. Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target on the stock. Wolfe Research assumed coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Finally, Barclays lifted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,705.17.

Fair Isaac Stock Down 1.1 %

Shares of Fair Isaac stock traded down $22.20 on Tuesday, reaching $1,921.32. The company’s stock had a trading volume of 111,013 shares, compared to its average volume of 172,672. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of 101.30, a P/E/G ratio of 4.69 and a beta of 1.34. The firm’s fifty day simple moving average is $1,754.26 and its two-hundred day simple moving average is $1,484.18. Fair Isaac has a 52 week low of $811.99 and a 52 week high of $1,962.96.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, research analysts predict that Fair Isaac will post 19.19 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares of the company’s stock, valued at $22,065,174.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,261 shares of company stock valued at $26,291,370. 3.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

Large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in Fair Isaac during the first quarter worth approximately $25,000. Tortoise Investment Management LLC boosted its position in shares of Fair Isaac by 81.8% during the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the first quarter valued at approximately $26,000. Family Firm Inc. purchased a new position in shares of Fair Isaac during the second quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fair Isaac during the first quarter valued at approximately $31,000. 85.75% of the stock is owned by 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.