Oppenheimer & Co. Inc. Cuts Holdings in Fair Isaac Co. (NYSE:FICO)

Oppenheimer & Co. Inc. lowered its holdings in Fair Isaac Co. (NYSE:FICO) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355 shares of the technology company’s stock after selling 115 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Fair Isaac were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB raised its position in Fair Isaac by 11.5% in the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after buying an additional 1,013 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Fair Isaac by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after purchasing an additional 174,397 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in Fair Isaac in the second quarter worth approximately $529,000. Czech National Bank grew its position in Fair Isaac by 7.7% in the 2nd quarter. Czech National Bank now owns 4,709 shares of the technology company’s stock worth $7,010,000 after purchasing an additional 337 shares during the period. Finally, Fidelis Capital Partners LLC raised its stake in Fair Isaac by 181.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 776 shares of the technology company’s stock valued at $1,551,000 after buying an additional 500 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FICO. Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays increased their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, UBS Group started coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Stock Performance

FICO opened at $2,284.43 on Wednesday. Fair Isaac Co. has a fifty-two week low of $1,037.55 and a fifty-two week high of $2,402.51. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of 111.71, a price-to-earnings-growth ratio of 4.16 and a beta of 1.35. The firm’s fifty day moving average is $2,026.85 and its 200 day moving average is $1,704.79.

Fair Isaac declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,890 shares of company stock worth $13,780,452 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

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.