UBS Group Issues Pessimistic Forecast for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICOGet Free Report) had its price objective cut by equities researchers at UBS Group from $2,250.00 to $2,100.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s target price indicates a potential upside of 13.29% from the stock’s previous close.

FICO has been the topic of several other research reports. Barclays upped their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a research note on Thursday, November 7th. Oppenheimer dropped their price objective 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. Wells Fargo & Company upped their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC upped 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 report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,087.77.

Read Our Latest Stock Analysis on FICO

Fair Isaac Trading Up 0.6 %

FICO stock opened at $1,853.64 on Monday. The firm’s 50-day moving average price is $2,098.69 and its two-hundred day moving average price is $1,950.22. The stock has a market capitalization of $45.14 billion, a price-to-earnings ratio of 90.64, a PEG ratio of 3.46 and a beta of 1.40. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Insider Buying and Selling

In related news, CFO Steven P. Weber sold 139 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now directly owns 2,478 shares in the company, valued at approximately $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following 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 trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,589 shares of company stock valued at $31,258,963 over the last quarter. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently modified their holdings of the company. First National Bank of Omaha purchased a new stake in Fair Isaac in the 3rd quarter worth approximately $1,576,000. National Bank of Canada FI raised its stake in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after acquiring an additional 6,768 shares during the last quarter. Donoghue Forlines LLC acquired a new position in Fair Isaac during the 4th quarter worth $1,935,000. Swedbank AB increased its holdings in Fair Isaac by 11.5% in the third 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. Finally, BNP Paribas bought a new position in shares of Fair Isaac during the 3rd quarter valued at about $445,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

About Fair Isaac

(Get Free Report)

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.

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