Fair Isaac (NYSE:FICO) Price Target Cut to $800.00 by Analysts at JPMorgan Chase & Co.

Fair Isaac (NYSE:FICO – Get Free Report) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $900.00 to $800.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.96% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Credit Suisse Group set a $1,150.00 price target on Fair Isaac in a report on Wednesday, September 30th. Bank of America lowered Fair Isaac from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $1,400.00 to $700.00 in a research note on Wednesday, September 30th. Barclays dropped their price objective on Fair Isaac from $875.00 to $800.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank Of Canada downgraded shares of Fair Isaac from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $1,045.00 to $770.00 in a research note on Thursday. Finally, Huber Research downgraded shares of Fair Isaac to a “strong sell” rating in a research note on Tuesday, September 29th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $922.75.

Read Our Latest Stock Analysis on Fair Isaac

Fair Isaac Stock Up 1.0%

Shares of Fair Isaac stock traded up $7.22 during trading on Thursday, hitting $708.25. 1,332,660 shares of the company were exchanged, compared to its average volume of 473,643. Fair Isaac has a fifty-two week low of $586.05 and a fifty-two week high of $1,858.91. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 0.88 and a beta of 1.36. The firm has a 50 day moving average price of $845.21 and a 200 day moving average price of $1,115.37.

Fair Isaac (NYSE:FICO – Get Free Report) last posted its earnings results on Wednesday, November 4th. The technology company reported $11.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.69 by $0.41. The firm had revenue of $657.05 million for the quarter, compared to analyst estimates of $651.73 million. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%. Fair Isaac’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.74 EPS. Analysts predict that Fair Isaac will post 36.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FICO. XXEC Inc. purchased a new stake in shares of Fair Isaac in the second quarter valued at $33,189,000. BlackRock Inc. acquired a new position in Fair Isaac in the second quarter valued at $2,491,517,000. Primecap Management Co. CA purchased a new position in Fair Isaac during the second quarter worth about $433,508,000. Legal & General Group Plc purchased a new position in Fair Isaac during the second quarter worth about $173,157,000. Finally, Bank of New York Mellon Corp purchased a new position in Fair Isaac during the second quarter worth about $152,357,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac News Roundup

Here are the key news stories impacting Fair Isaac this week:

Fair Isaac Company Profile

(Get Free Report)

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO’s offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.

Further Reading

Analyst Recommendations for Fair Isaac (NYSE:FICO)

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