Oppenheimer Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its target price upped by Oppenheimer from $2,324.00 to $2,515.00 in a report issued on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,998.75.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,332.11 on Monday. The stock has a market cap of $56.79 billion, a PE ratio of 114.27, a price-to-earnings-growth ratio of 4.37 and a beta of 1.35. The stock has a fifty day moving average of $2,101.37 and a 200 day moving average of $1,764.18. Fair Isaac has a one year low of $1,099.74 and a one year high of $2,402.51.

Insider Buying and Selling

In related news, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the transaction, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,390 shares of company stock valued at $21,901,887. Corporate insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Hedge funds have recently bought and sold shares of the business. Swedbank AB increased its position in shares of Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after buying an additional 352 shares during the period. BNP Paribas bought a new position in shares of Fair Isaac during the third quarter valued at approximately $445,000. Great Valley Advisor Group Inc. purchased a new stake in shares of Fair Isaac in the second quarter worth approximately $529,000. Finally, FMR LLC lifted its stake in shares of Fair Isaac by 46.1% during the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock worth $402,358,000 after acquiring an additional 65,297 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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.