Fair Isaac (NYSE:FICO) Sets New 1-Year High at $1,693.70

Fair Isaac Co. (NYSE:FICO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $1,693.70 and last traded at $1,693.70, with a volume of 4764 shares. The stock had previously closed at $1,654.99.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada raised their price target on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. Needham & Company LLC raised their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price for the company. Raymond James raised their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Wolfe Research began coverage on shares of Fair Isaac in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $1,399.45.

Fair Isaac Stock Performance

The stock has a 50-day moving average of $1,486.82 and a two-hundred day moving average of $1,339.78. The company has a market cap of $41.28 billion, a P/E ratio of 86.88, a price-to-earnings-growth ratio of 4.26 and a beta of 1.34.

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

Insider Buying and Selling at Fair Isaac

In related news, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now directly owns 21,118 shares in the company, valued at approximately $26,503,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the transaction, the executive vice president now directly owns 32,229 shares of the company’s stock, valued at approximately $44,222,055.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Rees sold 1,000 shares of Fair Isaac stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,255.00, for a total value of $1,255,000.00. Following the completion of the sale, the director now directly owns 21,118 shares of the company’s stock, valued at approximately $26,503,090. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,014 shares of company stock worth $21,888,518. Insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Fair Isaac by 42.0% in the 4th quarter. Fifth Third Bancorp now owns 240 shares of the technology company’s stock worth $279,000 after purchasing an additional 71 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Fair Isaac by 12.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 16,109 shares of the technology company’s stock valued at $18,685,000 after acquiring an additional 1,729 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fair Isaac by 2.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,682 shares of the technology company’s stock valued at $8,942,000 after purchasing an additional 168 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Fair Isaac by 98.2% during the 4th quarter. Bleakley Financial Group LLC now owns 1,471 shares of the technology company’s stock valued at $1,712,000 after buying an additional 729 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Fair Isaac by 75.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 441 shares of the technology company’s stock worth $513,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

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.