Fair Isaac (NYSE:FICO) Price Target Raised to $2,515.00 at Oppenheimer

Fair Isaac (NYSE:FICO) had its price target boosted by stock analysts at Oppenheimer from $2,324.00 to $2,515.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective would suggest a potential upside of 7.23% from the company’s current price.

FICO has been the topic of a number of other research reports. Needham & Company LLC boosted their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Barclays increased their price target 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. Finally, Wells Fargo & Company boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,998.75.

Fair Isaac Price Performance

Shares of FICO opened at $2,345.32 on Monday. The company has a market capitalization of $57.11 billion, a P/E ratio of 114.69, a PEG ratio of 4.29 and a beta of 1.36. Fair Isaac has a one year low of $1,099.74 and a one year high of $2,402.51. The business’s 50 day simple moving average is $2,109.07 and its 200-day simple moving average is $1,770.72.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,390 shares of company stock valued at $21,901,887. 3.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently modified their holdings of FICO. Heritage Family Offices LLP lifted its holdings in shares of Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after acquiring an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its position in Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after acquiring an additional 6 shares during the last quarter. Covestor Ltd boosted its position in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

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.