BMO Capital Markets Forecasts Strong Price Appreciation for Fair Isaac (NYSE:FICO) Stock

Fair Isaac (NYSE:FICO) had its price objective increased by BMO Capital Markets from $1,650.00 to $1,800.00 in a report released on Monday morning, MarketBeat Ratings reports. They currently have an outperform rating on the technology company’s stock.

FICO has been the subject of several other reports. Baird R W upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 28th. Barclays dropped their target price on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 9th. Robert W. Baird upgraded shares of Fair Isaac from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Oppenheimer dropped their target price on shares of Fair Isaac from $2,300.00 to $1,953.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $2,134.57.

Fair Isaac Stock Down 1.9%

Shares of Fair Isaac stock opened at $1,358.4580 on Monday. The company has a 50-day simple moving average of $1,590.07 and a two-hundred day simple moving average of $1,764.19. The stock has a market capitalization of $32.60 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. Fair Isaac has a twelve month low of $1,300.00 and a twelve month high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its earnings results 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 company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $6.25 EPS. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. On average, sell-side analysts anticipate that Fair Isaac will post 24.15 earnings per share for the current fiscal year.

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

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 3,811 shares of Fair Isaac stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $1,565.99, for a total transaction of $5,967,987.89. Following the sale, the chief executive officer directly owned 44,338 shares of the company’s stock, valued at approximately $69,432,864.62. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,021 shares of company stock worth $22,247,892 over the last ninety days. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors have recently added to or reduced their stakes in FICO. Westside Investment Management Inc. bought a new stake in Fair Isaac during the 2nd quarter worth approximately $26,000. ORG Partners LLC bought a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Hilltop National Bank bought a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Geo Capital Gestora de Recursos Ltd bought a new stake in Fair Isaac during the 1st quarter worth approximately $28,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Fair Isaac during the 1st quarter worth approximately $30,000. 85.75% of the stock is owned by institutional investors.

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.