E. Ohman J or Asset Management AB Trims Position in Fair Isaac Co. (NYSE:FICO)

E. Ohman J or Asset Management AB decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 5.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,060 shares of the technology company’s stock after selling 60 shares during the period. E. Ohman J or Asset Management AB’s holdings in Fair Isaac were worth $1,955,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. increased its position in Fair Isaac by 5.2% during the 4th quarter. Mather Group LLC. now owns 122 shares of the technology company’s stock valued at $243,000 after purchasing an additional 6 shares during the period. D.A. Davidson & CO. increased its position in Fair Isaac by 1.0% during the 4th quarter. D.A. Davidson & CO. now owns 621 shares of the technology company’s stock valued at $1,236,000 after purchasing an additional 6 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Fair Isaac by 1.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 403 shares of the technology company’s stock valued at $802,000 after purchasing an additional 6 shares during the period. Meiji Yasuda Life Insurance Co increased its position in Fair Isaac by 1.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 608 shares of the technology company’s stock valued at $1,210,000 after purchasing an additional 6 shares during the period. Finally, Rakuten Securities Inc. increased its position in Fair Isaac by 160.0% during the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.2%

FICO stock opened at $1,775.26 on Friday. The firm has a 50 day moving average of $1,889.21 and a 200 day moving average of $1,941.44. The stock has a market capitalization of $43.21 billion, a PE ratio of 81.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. Fair Isaac Co. has a 52 week low of $1,287.99 and a 52 week high of $2,402.52.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $500.45 million. During the same period last year, the business earned $6.14 EPS. Fair Isaac’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 5,419 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the sale, the chief executive officer now directly owns 42,730 shares of the company’s stock, valued at $91,782,758.10. This represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas A. Bowers sold 4,077 shares of the company’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 completion of the sale, the executive vice president now directly owns 9,974 shares in the company, valued at $20,517,016.70. This trade represents a 29.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,933 shares of company stock valued at $35,250,629 in the last ninety days. Insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research reports. Royal Bank of Canada raised shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Needham & Company LLC raised their target price on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Robert W. Baird raised shares of Fair Isaac from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a research report on Wednesday, May 14th. Finally, Oppenheimer lifted 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 research report on Thursday, May 8th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,304.15.

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.