Oppenheimer Asset Management Inc. Increases Holdings in Fair Isaac Corporation (NYSE:FICO)

Oppenheimer Asset Management Inc. increased its position in Fair Isaac Corporation (NYSE:FICO - Free Report) by 12.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,062 shares of the technology company's stock after buying an additional 341 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Fair Isaac were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company's stock valued at $26,000 after buying an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $26,000. Avalon Trust Co acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $40,000. OFI Invest Asset Management acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $42,000. Finally, Colonial Trust Co SC increased its stake in shares of Fair Isaac by 71.4% in the fourth quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the sale, the chief financial officer now directly owns 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This represents a 34.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the sale, the chief executive officer now directly owns 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,851 shares of company stock valued at $40,543,770 over the last ninety days. 3.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FICO. Raymond James Financial reaffirmed an "outperform" rating on shares of Fair Isaac in a research note on Wednesday, May 21st. Robert W. Baird upgraded Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their target price for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Royal Bank Of Canada upgraded Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Oppenheimer upped their target price on Fair Isaac from $2,116.00 to $2,293.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 target price on shares of Fair Isaac in a report on Friday, June 20th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2,304.15.

Fair Isaac Price Performance

Shares of NYSE:FICO traded down $72.43 during trading on Thursday, reaching $1,821.02. 319,955 shares of the stock were exchanged, compared to its average volume of 193,904. Fair Isaac Corporation has a 1-year low of $1,443.68 and a 1-year high of $2,402.52. The stock has a fifty day moving average of $1,887.32 and a two-hundred day moving average of $1,892.44. The firm has a market cap of $44.32 billion, a price-to-earnings ratio of 78.42, a price-to-earnings-growth ratio of 3.16 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same period in the prior year, the firm earned $6.14 earnings per share. Fair Isaac's revenue for the quarter was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current year.

Fair Isaac announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors 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.