Wells Fargo & Co Boosts Fair Isaac (NYSE:FICO) Price Target to $550.00

Fair Isaac (NYSE:FICO) had its price objective increased by Wells Fargo & Co from $475.00 to $550.00 in a research note issued to investors on Thursday morning, The Fly reports. The firm currently has an overweight rating on the technology company’s stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Fair Isaac from a hold rating to a sell rating in a research note on Wednesday, July 15th. Jefferies Financial Group raised their price target on shares of Fair Isaac from $362.00 to $393.00 and gave the company a hold rating in a research note on Tuesday, July 14th. Needham & Company LLC raised their price target on shares of Fair Isaac from $425.00 to $515.00 and gave the company a buy rating in a research note on Thursday. Robert W. Baird raised their price target on shares of Fair Isaac from $460.00 to $486.00 and gave the company an outperform rating in a research note on Thursday. Finally, Barclays increased their price objective on shares of Fair Isaac from $340.00 to $475.00 in a report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $440.00.

Shares of Fair Isaac stock traded up $0.09 during trading on Thursday, reaching $439.19. The company had a trading volume of 220,471 shares, compared to its average volume of 240,038. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 56.96 and a beta of 1.20. The firm’s fifty day moving average is $416.33 and its 200-day moving average is $373.39. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.01 and a current ratio of 1.05. Fair Isaac has a fifty-two week low of $177.65 and a fifty-two week high of $442.65.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.42. The business had revenue of $313.73 million for the quarter, compared to analyst estimates of $301.30 million. Fair Isaac had a net margin of 18.92% and a return on equity of 91.50%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS. On average, research analysts anticipate that Fair Isaac will post 4.93 EPS for the current fiscal year.

In other news, Director A George Battle sold 5,625 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $365.46, for a total transaction of $2,055,712.50. Following the completion of the sale, the director now owns 5,625 shares in the company, valued at approximately $2,055,712.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wayne Elliot Huyard sold 5,000 shares of Fair Isaac stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $388.24, for a total value of $1,941,200.00. The disclosure for this sale can be found here. Insiders sold 26,709 shares of company stock valued at $10,623,075 over the last quarter. Insiders own 3.81% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Fair Isaac by 86.1% during the first quarter. BNP Paribas Arbitrage SA now owns 14,704 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 6,802 shares during the period. Nuveen Asset Management LLC raised its position in shares of Fair Isaac by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 180,277 shares of the technology company’s stock valued at $67,546,000 after acquiring an additional 2,618 shares during the period. Tributary Capital Management LLC raised its position in shares of Fair Isaac by 38.1% in the 2nd quarter. Tributary Capital Management LLC now owns 2,900 shares of the technology company’s stock valued at $1,212,000 after acquiring an additional 800 shares during the period. Squarepoint Ops LLC raised its position in shares of Fair Isaac by 212.5% in the 1st quarter. Squarepoint Ops LLC now owns 16,955 shares of the technology company’s stock valued at $5,217,000 after acquiring an additional 11,529 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Fair Isaac in the 2nd quarter valued at approximately $886,000. 85.71% of the stock is currently owned by institutional investors.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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