Fair Isaac Corporation $FICO Stake Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in Fair Isaac Corporation (NYSE:FICO) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,895 shares of the technology company’s stock after selling 167 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fair Isaac were worth $5,292,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geo Capital Gestora de Recursos Ltd purchased a new stake in shares of Fair Isaac in the first quarter valued at $28,000. ORG Partners LLC purchased a new stake in shares of Fair Isaac in the second quarter valued at $27,000. Hilltop National Bank purchased a new stake in shares of Fair Isaac during the second quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fair Isaac during the first quarter worth $30,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Fair Isaac by 41.7% during the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock worth $31,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FICO. UBS Group increased their price objective on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Barclays increased their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. BMO Capital Markets increased their price objective on Fair Isaac from $1,650.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Raymond James Financial cut their price objective on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Seaport Res Ptn upgraded Fair Isaac to a “strong-buy” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,137.43.

Insider Activity

In other news, CEO William J. Lansing sold 4,942 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $1,631.34, for a total value of $8,062,082.28. Following the sale, the chief executive officer directly owned 43,207 shares of the company’s stock, valued at approximately $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 18,032 shares of company stock valued at $28,094,085 over the last 90 days. Company insiders own 3.46% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $1,682.16 on Tuesday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The business has a 50-day moving average of $1,568.03 and a two-hundred day moving average of $1,684.23. The stock has a market capitalization of $40.38 billion, a P/E ratio of 65.79, a P/E/G ratio of 1.73 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.75 by $0.82. The company had revenue of $536.42 million for the quarter, compared to the consensus estimate of $520.40 million. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $6.25 earnings per share. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. As a group, research analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal 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.