Fair Isaac Co. (NYSE:FICO) Given Average Recommendation of “Moderate Buy” by Brokerages

Fair Isaac Co. (NYSE:FICO) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $2,032.46.

Several equities analysts have recently weighed in on FICO shares. The Goldman Sachs Group boosted their price objective on Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Oppenheimer increased their target price on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd.

Fair Isaac Trading Down 1.2 %

Fair Isaac stock opened at $2,037.33 on Monday. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 99.62, a P/E/G ratio of 4.05 and a beta of 1.36. The firm has a 50 day simple moving average of $2,185.20 and a 200 day simple moving average of $1,877.36. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.51.

Insider Transactions at Fair Isaac

In related news, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at approximately $113,456,446.95. This trade represents a 6.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,450 shares of company stock valued at $30,985,908. Insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Fair Isaac during the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC grew its holdings in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after buying an additional 6 shares during the period. Finally, Covestor Ltd raised its holdings in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after buying an additional 6 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

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.