Wells Fargo & Company Cuts Fair Isaac (NYSE:FICO) Price Target to $2,600.00

Fair Isaac (NYSE:FICO) had its price objective cut by Wells Fargo & Company from $2,650.00 to $2,600.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

FICO has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Oppenheimer decreased their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. began coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price target for the company. Barclays upped their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,078.15.

Fair Isaac Trading Down 1.5 %

Shares of FICO opened at $1,858.97 on Wednesday. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The firm’s 50-day moving average price is $2,018.44 and its 200-day moving average price is $1,959.32. The firm has a market capitalization of $45.43 billion, a price-to-earnings ratio of 90.90, a PEG ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 29.86% and a negative return on equity of 59.47%. On average, research analysts forecast that Fair Isaac will post 24.88 EPS for the current fiscal year.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 139 shares of the firm’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 sale, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,589 shares of company stock worth $31,258,963. Insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently modified their holdings of FICO. Capital Performance Advisors LLP bought a new position in Fair Isaac in the third quarter valued at about $25,000. True Wealth Design LLC increased its position in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock valued at $39,000 after purchasing an additional 18 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of Fair Isaac in the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. boosted its holdings 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 last quarter. Finally, OFI Invest Asset Management bought a new stake in Fair Isaac during the fourth quarter valued at approximately $42,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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.