E. Ohman J or Asset Management AB Decreases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

E. Ohman J or Asset Management AB trimmed its stake in shares of Fair Isaac Co. (NYSE:FICO) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nebula Research & Development LLC purchased a new stake in Fair Isaac during the fourth quarter valued at approximately $2,540,000. Brighton Jones LLC boosted its position in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after purchasing an additional 302 shares during the period. Allstate Corp bought a new position in shares of Fair Isaac in the fourth quarter worth approximately $1,441,000. Tidal Investments LLC boosted its position in shares of Fair Isaac by 692.2% in the fourth quarter. Tidal Investments LLC now owns 14,133 shares of the technology company’s stock worth $28,138,000 after purchasing an additional 12,349 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Fair Isaac by 94.1% in the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company’s stock worth $263,000 after purchasing an additional 64 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on FICO shares. Needham & Company LLC upped their price target on shares of Fair Isaac from $2,500.00 to $2,575.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Raymond James reiterated an “outperform” rating on shares of Fair Isaac in a research report on Wednesday, May 21st. Bank of America began coverage on shares of Fair Isaac in a research report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 price target for the company. Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Finally, Oppenheimer upped their target price 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 equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,304.15.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 5,419 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 42,730 shares of the company’s stock, valued at $91,782,758.10. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 797 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $2,087.50, for a total transaction of $1,663,737.50. Following the completion of the transaction, the director now directly owns 242 shares in the company, valued at $505,175. This represents a 76.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,933 shares of company stock worth $35,250,629. 3.46% of the stock is currently owned by insiders.

Fair Isaac Stock Up 0.2%

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

Fair Isaac (NYSE:FICO) last released its earnings results 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. The firm had revenue of $498.74 million during the quarter, compared to analyst estimates of $500.45 million. Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $6.14 EPS. As a group, analysts anticipate that Fair Isaac Co. will post 24.15 EPS for the current year.

Fair Isaac Company 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.