Fair Isaac (NYSE:FICO) Price Target Raised to $1,960.00 at Robert W. Baird

Fair Isaac (NYSE:FICO) had its target price upped by Robert W. Baird from $1,900.00 to $1,960.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Several other research analysts also recently commented on FICO. Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fair Isaac in a research report on Wednesday, October 8th. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. Finally, BMO Capital Markets reduced their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,118.50.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $65.18 during trading on Thursday, reaching $1,739.98. 252,154 shares of the company’s stock were exchanged, compared to its average volume of 285,092. The company has a market cap of $41.77 billion, a P/E ratio of 68.05, a PEG ratio of 1.63 and a beta of 1.34. Fair Isaac has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The firm’s 50-day moving average price is $1,603.24 and its 200 day moving average price is $1,670.66.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, November 5th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.36 by $0.38. The business had revenue of $515.75 million for the quarter, compared to analyst estimates of $512.38 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. Fair Isaac’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.54 earnings per share. Fair Isaac has set its FY 2026 guidance at 38.170-38.170 EPS. As a group, equities research analysts predict that Fair Isaac will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the sale, the chief executive officer owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 18,032 shares of company stock worth $28,094,085. 3.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alberta Investment Management Corp raised its stake in Fair Isaac by 18.5% in the 3rd quarter. Alberta Investment Management Corp now owns 3,200 shares of the technology company’s stock valued at $4,789,000 after purchasing an additional 500 shares during the last quarter. First National Bank of Omaha acquired a new stake in shares of Fair Isaac during the 3rd quarter worth about $2,704,000. NEOS Investment Management LLC boosted its position in shares of Fair Isaac by 52.8% during the 3rd quarter. NEOS Investment Management LLC now owns 1,783 shares of the technology company’s stock worth $2,668,000 after purchasing an additional 616 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Fair Isaac by 14.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 359 shares of the technology company’s stock worth $537,000 after purchasing an additional 46 shares in the last quarter. Finally, Accretive Wealth Partners LLC increased its position in shares of Fair Isaac by 0.9% during the third quarter. Accretive Wealth Partners LLC now owns 1,551 shares of the technology company’s stock worth $2,321,000 after acquiring an additional 14 shares during the period. 85.75% of the stock is currently 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.