Curi RMB Capital LLC Lowers Position in Fair Isaac Co. (NYSE:FICO)

Curi RMB Capital LLC lowered its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,581 shares of the technology company's stock after selling 3,635 shares during the quarter. Fair Isaac accounts for about 0.9% of Curi RMB Capital LLC's portfolio, making the stock its 25th largest position. Curi RMB Capital LLC owned about 0.08% of Fair Isaac worth $39,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Fair Isaac in the 1st quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac during the third quarter worth about $25,000. Advisors Asset Management Inc. purchased a new position in Fair Isaac in the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its holdings in Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock worth $30,000 after buying an additional 9 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Fair Isaac during the 2nd quarter valued at $34,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Performance

Shares of FICO traded down $25.28 during mid-day trading on Thursday, hitting $2,323.17. 80,524 shares of the company's stock were exchanged, compared to its average volume of 170,505. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 114.84, a P/E/G ratio of 4.35 and a beta of 1.35. The stock's 50-day moving average is $1,985.32 and its 200-day moving average is $1,669.35. Fair Isaac Co. has a fifty-two week low of $1,014.86 and a fifty-two week high of $2,402.51.

Fair Isaac declared that its board has authorized a stock repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the business's stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares of the company's stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock worth $13,780,452 over the last 90 days. Company insiders own 3.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FICO. Oppenheimer raised their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. UBS Group initiated coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 price objective for the company. 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 research report on Thursday, November 7th. Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.