Fair Isaac Co. (NYSE:FICO) Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,783 shares of the technology company’s stock after acquiring an additional 212 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fair Isaac were worth $4,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Western Financial Corp CA lifted its position in shares of Fair Isaac by 1.3% in the 2nd quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock valued at $1,067,000 after acquiring an additional 9 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after buying an additional 9 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Fair Isaac by 0.8% during the fourth quarter. Panagora Asset Management Inc. now owns 1,219 shares of the technology company’s stock valued at $1,419,000 after buying an additional 10 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Fair Isaac by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after buying an additional 10 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Fair Isaac by 25.0% in the 2nd quarter. GAMMA Investing LLC now owns 55 shares of the technology company’s stock worth $82,000 after acquiring an additional 11 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FICO has been the topic of several research analyst reports. Wells Fargo & Company raised Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Oppenheimer initiated coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price objective on the stock. Barclays lifted their target price on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Performance

Shares of FICO stock opened at $1,894.98 on Tuesday. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 99.47, a PEG ratio of 4.41 and a beta of 1.34. The stock’s 50 day simple moving average is $1,687.50 and its 200 day simple moving average is $1,439.39. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,895.08.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, analysts forecast that Fair Isaac Co. will post 19.19 EPS for the current fiscal year.

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

Insider Transactions at Fair Isaac

In related news, EVP Mark R. Scadina sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the completion of the sale, the executive vice president now owns 19,919 shares in the company, valued at approximately $34,144,751.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark R. Scadina sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total value of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares in the company, valued at $34,144,751.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,261 shares of company stock worth $26,291,370. Company insiders own 3.54% of the company’s stock.

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.