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

Fair Isaac (NYSE:FICO) had its price target dropped by stock analysts at UBS Group from $2,250.00 to $2,100.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target suggests a potential upside of 14.90% from the company’s previous close.

Several other equities research analysts have also weighed in on FICO. Needham & Company LLC upped their target price 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. Oppenheimer dropped their price objective on shares of 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. Barclays boosted their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $2,087.77.

Fair Isaac Stock Up 0.7 %

FICO traded up $12.83 during trading on Monday, reaching $1,827.68. 84,510 shares of the company’s stock were exchanged, compared to its average volume of 220,239. The company has a market capitalization of $44.50 billion, a P/E ratio of 89.50, a PEG ratio of 3.46 and a beta of 1.40. The business has a 50 day moving average price of $2,115.89 and a 200 day moving average price of $1,946.43. Fair Isaac has a fifty-two week low of $1,105.65 and a fifty-two week high of $2,402.51.

Insider Buying and Selling

In other Fair Isaac news, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. The trade was a 68.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction dated 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. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,589 shares of company stock worth $31,258,963 over the last ninety days. Company insiders own 3.54% of the company’s stock.

Institutional Trading of Fair Isaac

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its position in shares of Fair Isaac by 65.0% in the second quarter. Public Sector Pension Investment Board now owns 942 shares of the technology company’s stock valued at $1,402,000 after buying an additional 371 shares during the last quarter. Algert Global LLC boosted its position in Fair Isaac by 12.0% during the second quarter. Algert Global LLC now owns 281 shares of the technology company’s stock worth $418,000 after purchasing an additional 30 shares during the period. Creative Planning increased its holdings in shares of Fair Isaac by 7.8% in the second quarter. Creative Planning now owns 3,984 shares of the technology company’s stock valued at $5,931,000 after purchasing an additional 289 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Fair Isaac in the second quarter valued at about $213,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Fair Isaac by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 808 shares of the technology company’s stock worth $1,202,000 after buying an additional 40 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

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.