B. Riley Wealth Advisors Inc. Decreases Position in Fair Isaac Co. (NYSE:FICO)

B. Riley Wealth Advisors Inc. decreased its position in Fair Isaac Co. (NYSE:FICO) by 28.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216 shares of the technology company’s stock after selling 87 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Fair Isaac were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac in the third quarter valued at $25,000. Tortoise Investment Management LLC raised its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9 shares during the period. Family Firm Inc. purchased a new stake in Fair Isaac during the second quarter valued at about $34,000. True Wealth Design LLC boosted its position in Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Insider Activity at Fair Isaac

In related news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares of the company’s stock, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James M. Wehmann sold 3,500 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the completion of the sale, the executive vice president now directly owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,450 shares of company stock valued at $30,985,908 over the last 90 days. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO opened at $2,044.89 on Friday. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 99.99, a PEG ratio of 4.05 and a beta of 1.36. The company’s fifty day moving average price is $2,180.02 and its 200-day moving average price is $1,841.62.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FICO shares. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. Barclays boosted their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group started coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,022.67.

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.