Fair Isaac Co. (NYSE:FICO) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in shares of Fair Isaac Co. (NYSE:FICO) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,912 shares of the technology company’s stock after selling 7,693 shares during the period. Ameriprise Financial Inc. owned about 0.16% of Fair Isaac worth $79,463,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FICO. Rakuten Securities Inc. boosted its holdings in Fair Isaac by 160.0% in the fourth quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock worth $26,000 after purchasing an additional 8 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at about $26,000. Berbice Capital Management LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at about $40,000. Avalon Trust Co bought a new position in Fair Isaac in the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.8 %

Shares of FICO stock opened at $2,089.01 on Friday. The stock has a 50-day simple moving average of $1,879.31 and a 200 day simple moving average of $1,980.37. Fair Isaac Co. has a fifty-two week low of $1,266.72 and a fifty-two week high of $2,402.52. The stock has a market capitalization of $50.85 billion, a P/E ratio of 95.87, a P/E/G ratio of 3.27 and a beta of 1.40.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The company had revenue of $498.74 million for the quarter, compared to analysts’ expectations of $500.45 million. During the same quarter in the previous year, the company posted $6.14 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $2,500.00 price objective on shares of Fair Isaac in a research report on Wednesday, April 30th. Oppenheimer increased their price objective on shares of Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America assumed coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a “buy” rating and a $2,800.00 target price for the company. Robert W. Baird raised their price target on shares of Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Finally, UBS Group lowered their target price on 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,268.54.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was 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 in the company, valued at approximately $72,801,401.22. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 9,974 shares of the company’s stock, valued at $20,517,016.70. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,135 shares of company stock valued at $31,505,623. Corporate insiders own 3.46% of the company’s stock.

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.