The Goldman Sachs Group Boosts Fair Isaac (NYSE:FICO) Price Target to $2,130.00

Fair Isaac (NYSE:FICO) had its price objective hoisted by The Goldman Sachs Group from $1,879.00 to $2,130.00 in a research note released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

Several other analysts have also commented on FICO. Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an outperform rating and a $1,725.00 price objective on the stock. UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday. They set a neutral rating and a $2,100.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a neutral rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their price objective 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. Five 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 a consensus rating of Moderate Buy and a consensus price target of $1,775.25.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,912.31 on Wednesday. The stock has a market capitalization of $47.26 billion, a P/E ratio of 100.38, a P/E/G ratio of 4.69 and a beta of 1.35. The company has a 50-day moving average price of $1,774.78 and a 200-day moving average price of $1,495.34. Fair Isaac has a 1 year low of $811.99 and a 1 year high of $1,962.96.

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

Fair Isaac announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares in the company, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now owns 13,002 shares in the company, valued at approximately $22,065,174.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by insiders.

Institutional Trading of Fair Isaac

Several large investors have recently added to or reduced their stakes in FICO. Vanguard Group Inc. boosted its stake in shares of Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after purchasing an additional 35,263 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Fair Isaac by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after buying an additional 174,397 shares during the period. Principal Financial Group Inc. boosted its position in Fair Isaac by 3.9% during the 2nd quarter. Principal Financial Group Inc. now owns 370,605 shares of the technology company’s stock valued at $551,706,000 after acquiring an additional 13,966 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after acquiring an additional 21,768 shares during the period. Finally, Capital International Investors raised its position in shares of Fair Isaac by 4.5% in the 1st quarter. Capital International Investors now owns 181,406 shares of the technology company’s stock worth $226,687,000 after acquiring an additional 7,884 shares in 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.