Oppenheimer Asset Management Inc. Decreases Position in Fair Isaac Co. (NYSE:FICO)

Oppenheimer Asset Management Inc. decreased its stake in Fair Isaac Co. (NYSE:FICO) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,721 shares of the technology company’s stock after selling 42 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fair Isaac were worth $5,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. First National Bank of Omaha acquired a new stake in Fair Isaac during the 3rd quarter valued at approximately $1,576,000. National Bank of Canada FI grew its stake in Fair Isaac by 51.9% during the 3rd quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after purchasing an additional 6,768 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in Fair Isaac during the 4th quarter valued at approximately $1,935,000. BNP Paribas acquired a new stake in Fair Isaac during the 3rd quarter valued at approximately $445,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Fair Isaac by 86.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $1,804.23, for a total value of $10,843,422.30. Following the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $76,026,643.74. The trade was a 12.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 139 shares of Fair Isaac stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at $4,867,832.76. The trade was a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,170 shares of company stock worth $27,132,248 in the last three months. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,884.63 on Friday. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.52. The stock has a market cap of $46.02 billion, a PE ratio of 86.49, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. The business’s fifty day moving average is $1,892.09 and its 200-day moving average is $1,976.67.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. Equities research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a report on Wednesday, February 5th. Robert W. Baird reduced their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays increased their target price on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group reduced their target price on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $2,040.00 to $2,170.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

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.