UBS Group Boosts Fair Isaac (NYSE:FICO) Price Target to $1,640.00

Fair Isaac (NYSE:FICO) had its price objective increased by analysts at UBS Group from $1,590.00 to $1,640.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target points to a potential upside of 6.21% from the stock’s current price.

Several other research firms also recently commented on FICO. Oppenheimer reduced their price objective on Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research note on Thursday, July 17th. BMO Capital Markets boosted their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Griffin Securities set a $1,800.00 price objective on Fair Isaac in a research note on Monday, August 18th. Finally, Wells Fargo & Company lowered their price target on Fair Isaac from $2,600.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,101.71.

Fair Isaac Stock Down 3.3%

Shares of FICO stock opened at $1,544.06 on Monday. The stock has a fifty day moving average of $1,477.76 and a 200 day moving average of $1,727.21. Fair Isaac has a 52 week low of $1,300.00 and a 52 week high of $2,402.51. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 3.01 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. The business had revenue of $536.42 million during the quarter, compared to analyst estimates of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current year.

Fair Isaac declared that its Board of Directors has approved a stock buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total value of $9,241,912.50. Following the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at $64,787,175. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 18,032 shares of company stock valued at $28,153,015. Corporate insiders own 3.46% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently bought and sold shares of FICO. Westside Investment Management Inc. bought a new position in shares of Fair Isaac during the 2nd quarter worth $26,000. Geo Capital Gestora de Recursos Ltd bought a new position in shares of Fair Isaac during the 1st quarter worth $28,000. ORG Partners LLC bought a new position in shares of Fair Isaac during the 2nd quarter worth $27,000. Hilltop National Bank bought a new position in shares of Fair Isaac during the 2nd quarter worth $27,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Fair Isaac during the 1st quarter worth $30,000. 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.