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

Oppenheimer Asset Management Inc. trimmed its holdings in Fair Isaac Co. (NYSE:FICO) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,763 shares of the technology company’s stock after selling 20 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fair Isaac were worth $5,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the first quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Fair Isaac during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new position in shares of Fair Isaac during the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC lifted its stake in shares of Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. purchased a new stake in Fair Isaac during the second quarter worth $34,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FICO. Oppenheimer lifted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Robert W. Baird upped their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, Barclays lifted their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Stock Down 1.0 %

Fair Isaac stock opened at $2,325.42 on Friday. The company has a fifty day simple moving average of $1,996.69 and a 200-day simple moving average of $1,673.91. The firm has a market capitalization of $56.62 billion, a price-to-earnings ratio of 113.71, a PEG ratio of 4.35 and a beta of 1.35. Fair Isaac Co. has a 52-week low of $1,014.86 and a 52-week high of $2,402.51.

Fair Isaac announced that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is owned by insiders.

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.