Oppenheimer Has Lowered Expectations for Fair Isaac (NYSE:FICO) Stock Price

Fair Isaac (NYSE:FICO) had its target price lowered by equities research analysts at Oppenheimer from $2,515.00 to $2,409.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 22.28% from the stock’s previous close.

FICO has been the subject of a number of other research reports. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Wells Fargo & Company increased their price target 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. Finally, Barclays increased their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average price target of $2,024.31.

Fair Isaac Trading Up 0.2 %

Shares of FICO opened at $1,970.00 on Tuesday. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The firm has a market capitalization of $47.97 billion, a P/E ratio of 96.33, a P/E/G ratio of 4.00 and a beta of 1.36. The firm has a 50-day moving average price of $2,183.52 and a 200 day moving average price of $1,905.48.

Insiders Place Their Bets

In related news, EVP James M. Wehmann sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the sale, the executive vice president now directly owns 51,911 shares in the company, valued at approximately $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of Fair Isaac stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company’s stock, valued at $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,450 shares of company stock worth $30,985,908 in the last ninety days. 3.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in Fair Isaac by 30.2% in the second quarter. Private Advisor Group LLC now owns 535 shares of the technology company’s stock valued at $796,000 after buying an additional 124 shares during the last quarter. Candriam S.C.A. lifted its stake in Fair Isaac by 6.4% during the second quarter. Candriam S.C.A. now owns 2,589 shares of the technology company’s stock worth $3,854,000 after purchasing an additional 156 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Fair Isaac in the 2nd quarter valued at $226,000. Choreo LLC boosted its holdings in shares of Fair Isaac by 67.8% in the 2nd quarter. Choreo LLC now owns 2,108 shares of the technology company’s stock valued at $3,153,000 after buying an additional 852 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Fair Isaac by 0.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 9,627 shares of the technology company’s stock worth $14,331,000 after acquiring an additional 72 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.