Fair Isaac Co. (NYSE:FICO) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of Fair Isaac Co. (NYSE:FICO) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,763 shares of the technology company’s stock after selling 20 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fair Isaac were worth $5,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Quent Capital LLC increased its stake in Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after purchasing an additional 24 shares during the period. US Bancorp DE lifted its holdings in Fair Isaac by 2.0% during the 1st quarter. US Bancorp DE now owns 4,041 shares of the technology company’s stock worth $5,050,000 after buying an additional 80 shares in the last quarter. Entropy Technologies LP purchased a new position in Fair Isaac in the 1st quarter valued at approximately $547,000. Banco Santander S.A. grew its stake in shares of Fair Isaac by 12.3% in the first quarter. Banco Santander S.A. now owns 346 shares of the technology company’s stock worth $432,000 after acquiring an additional 38 shares in the last quarter. Finally, Councilmark Asset Management LLC purchased a new stake in shares of Fair Isaac during the first quarter worth $569,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction on 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 approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. This trade represents a 31.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,890 shares of company stock valued at $13,780,452. Insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

FICO has been the subject of several analyst reports. Oppenheimer boosted their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Barclays upped their target price 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. UBS Group initiated coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Price Performance

Shares of FICO opened at $2,325.42 on Friday. Fair Isaac Co. has a 1-year low of $1,014.86 and a 1-year high of $2,402.51. The stock has a market cap of $56.62 billion, a PE ratio of 113.71, a price-to-earnings-growth ratio of 4.35 and a beta of 1.35. The firm has a fifty day moving average price of $1,996.69 and a 200 day moving average price of $1,673.91.

Fair Isaac declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.