Fair Isaac Co. (NYSE:FICO) Stake Lessened by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its position in Fair Isaac Co. (NYSE:FICO) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,581 shares of the technology company’s stock after selling 3,635 shares during the quarter. Fair Isaac accounts for approximately 0.9% of Curi RMB Capital LLC’s holdings, making the stock its 25th largest position. Curi RMB Capital LLC owned 0.08% of Fair Isaac worth $39,999,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP raised its holdings in shares of Fair Isaac by 2.0% in the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Fair Isaac by 5.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after buying an additional 6 shares during the period. Moss Adams Wealth Advisors LLC raised its position in Fair Isaac by 4.0% during the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after buying an additional 6 shares during the period. Covestor Ltd lifted its stake in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after acquiring an additional 6 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after acquiring an additional 7 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Trading Up 0.0 %

Fair Isaac stock opened at $2,348.45 on Thursday. The business has a 50-day moving average of $1,985.32 and a 200-day moving average of $1,669.35. Fair Isaac Co. has a 1 year low of $1,006.71 and a 1 year high of $2,402.51. The firm has a market capitalization of $57.18 billion, a P/E ratio of 114.84, a PEG ratio of 4.35 and a beta of 1.35.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,890 shares of company stock worth $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FICO. Oppenheimer upped their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Robert W. Baird upped their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC lifted their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

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.