Fair Isaac (NYSE:FICO) PT Raised to $1,500.00 at Royal Bank of Canada

Fair Isaac (NYSE:FICO) had its price objective upped by Royal Bank of Canada from $1,350.00 to $1,500.00 in a report issued on Thursday morning, Benzinga reports. They currently have a sector perform rating on the technology company’s stock.

FICO has been the subject of several other research reports. Robert W. Baird increased their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a neutral rating in a research note on Thursday. Redburn Atlantic initiated coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 price objective for the company. Raymond James increased their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Wolfe Research began coverage on Fair Isaac in a report on Tuesday, July 9th. They set an outperform rating and a $1,725.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac presently has an average rating of Moderate Buy and a consensus price target of $1,399.45.

Fair Isaac Trading Down 0.6 %

FICO traded down $9.63 during midday trading on Thursday, hitting $1,590.75. The company’s stock had a trading volume of 59,773 shares, compared to its average volume of 179,821. Fair Isaac has a 52-week low of $811.99 and a 52-week high of $1,668.63. The firm has a market cap of $39.01 billion, a P/E ratio of 84.01, a PEG ratio of 4.26 and a beta of 1.34. The firm has a 50-day moving average price of $1,477.43 and a two-hundred day moving average price of $1,334.65.

Fair Isaac declared that its board has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Fair Isaac

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the transaction, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 423 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the completion of the sale, the executive vice president now directly owns 32,229 shares in the company, valued at $44,222,055.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard Deal sold 13,591 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at $67,772,230.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,014 shares of company stock worth $21,888,518. Insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently made changes to their positions in FICO. Cornercap Investment Counsel Inc. purchased a new position in shares of Fair Isaac during the 4th quarter worth $249,000. Commerce Bank boosted its stake in shares of Fair Isaac by 704.8% during the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock worth $7,603,000 after purchasing an additional 5,328 shares during the period. Seven Eight Capital LP boosted its stake in shares of Fair Isaac by 140.0% during the 4th quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock worth $1,676,000 after purchasing an additional 840 shares during the period. BNP Paribas Financial Markets boosted its position in Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after buying an additional 9,094 shares during the period. Finally, Vanguard Group Inc. boosted its position in Fair Isaac by 1.3% in 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 buying an additional 35,263 shares during the period. 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.