Ameriprise Financial Inc. Has $79.46 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Ameriprise Financial Inc. decreased its position in shares of Fair Isaac Co. (NYSE:FICO) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,912 shares of the technology company’s stock after selling 7,693 shares during the period. Ameriprise Financial Inc.’s holdings in Fair Isaac were worth $79,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Barclays PLC grew its stake in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company’s stock valued at $117,624,000 after buying an additional 12,038 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fair Isaac by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 673,242 shares of the technology company’s stock worth $1,308,460,000 after purchasing an additional 7,466 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of Fair Isaac by 16.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 260 shares of the technology company’s stock valued at $518,000 after purchasing an additional 37 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fair Isaac by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,495 shares of the technology company’s stock valued at $14,567,000 after purchasing an additional 58 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Fair Isaac by 3.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 271 shares of the technology company’s stock worth $540,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.8 %

FICO stock opened at $2,089.01 on Friday. Fair Isaac Co. has a twelve month low of $1,266.72 and a twelve month high of $2,402.52. The company has a market cap of $50.85 billion, a PE ratio of 95.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.40. The business’s 50-day simple moving average is $1,879.31 and its 200 day simple moving average is $1,980.37.

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

Analyst Ratings Changes

A number of analysts have weighed in on FICO shares. Oppenheimer boosted their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada raised 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. Robert W. Baird increased their price target on Fair Isaac from $1,775.00 to $1,837.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Wells Fargo & Company reduced their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays lowered their target price on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have issued a 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 $2,268.54.

Insider Transactions at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The stock was 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 approximately $20,517,016.70. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Lansing sold 2,956 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the transaction, the chief executive officer now owns 42,138 shares of the company’s stock, valued at $74,210,495.94. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,135 shares of company stock valued at $31,505,623. Company insiders own 3.46% of the company’s stock.

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.