Curi RMB Capital LLC Sells 3,635 Shares of Fair Isaac Co. (NYSE:FICO)

Curi RMB Capital LLC reduced its position in Fair Isaac Co. (NYSE:FICO) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,581 shares of the technology company’s stock after selling 3,635 shares during the quarter. Fair Isaac makes up about 0.9% of Curi RMB Capital LLC’s portfolio, making the stock its 25th largest position. Curi RMB Capital LLC’s holdings in Fair Isaac were worth $39,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heritage Family Offices LLP boosted its position in shares of Fair Isaac by 2.0% during the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after purchasing an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock valued at $216,000 after buying an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in Fair Isaac by 4.0% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after buying an additional 6 shares during the period. Covestor Ltd boosted its holdings in Fair Isaac by 30.0% in the third 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 grew its stake in Fair Isaac by 1.8% in the second quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock valued at $651,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,890 shares of company stock worth $13,780,452 in the last quarter. 3.54% of the stock is owned by company insiders.

Fair Isaac Trading Up 0.0 %

FICO opened at $2,348.45 on Thursday. Fair Isaac Co. has a 12 month low of $1,006.71 and a 12 month high of $2,402.51. The company has a market cap of $57.18 billion, a PE ratio of 114.84, a price-to-earnings-growth ratio of 4.35 and a beta of 1.35. The company has a 50 day moving average of $1,985.32 and a 200 day moving average of $1,669.35.

Fair Isaac announced that its board has authorized a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FICO shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Oppenheimer raised their target price on Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Fair Isaac 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.