Ameriprise Financial Inc. Sells 7,693 Shares of Fair Isaac Co. (NYSE:FICO)

Ameriprise Financial Inc. lessened its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,912 shares of the technology company's stock after selling 7,693 shares during the quarter. Ameriprise Financial Inc. owned 0.16% of Fair Isaac worth $79,463,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. raised its position in Fair Isaac by 160.0% during the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock worth $26,000 after acquiring an additional 8 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in Fair Isaac during the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in Fair Isaac during the fourth quarter worth $40,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the fourth quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the fourth quarter valued at $42,000. Institutional investors own 85.75% of the company's stock.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 4,077 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total transaction of $8,386,592.85. Following the transaction, the executive vice president now owns 9,974 shares in the company, valued at $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now owns 42,138 shares of the company's stock, valued at $72,801,401.22. This trade represents a 8.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,135 shares of company stock worth $31,505,623 in the last quarter. Company insiders own 3.46% of the company's stock.

Fair Isaac Price Performance

NYSE FICO traded up $43.90 during trading hours on Monday, reaching $2,132.12. The company's stock had a trading volume of 182,027 shares, compared to its average volume of 177,237. The firm has a fifty day simple moving average of $1,884.47 and a 200-day simple moving average of $1,981.07. The stock has a market cap of $51.90 billion, a P/E ratio of 97.85, a P/E/G ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52 week low of $1,266.72 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. The firm had revenue of $498.74 million for the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.14 EPS. On average, research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

FICO has been the topic of several research reports. Jefferies Financial Group decreased their price objective on shares of 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. Barclays decreased their price objective on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Royal Bank of Canada upgraded shares of Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Raymond James raised their price target on shares of Fair Isaac from $2,030.00 to $2,230.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, UBS Group lowered their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,274.31.

Fair Isaac 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.