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

Curi RMB Capital LLC trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 27.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,996 shares of the technology company’s stock after selling 5,585 shares during the period. Curi RMB Capital LLC’s holdings in Fair Isaac were worth $29,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Fair Isaac by 0.5% in the third quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock valued at $724,122,000 after acquiring an additional 1,977 shares in the last quarter. Barclays PLC raised its position 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 purchasing an additional 12,038 shares during the last quarter. Morse Asset Management Inc grew its position in Fair Isaac by 7.3% during the 3rd quarter. Morse Asset Management Inc now owns 427 shares of the technology company’s stock worth $830,000 after purchasing an additional 29 shares during the last quarter. Anchor Investment Management LLC increased its stake in Fair Isaac by 204.0% during the 3rd quarter. Anchor Investment Management LLC now owns 76 shares of the technology company’s stock valued at $148,000 after purchasing an additional 51 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Fair Isaac during the third quarter worth $290,000. 85.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1,727.69, for a total value of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at $72,801,401.22. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 13,058 shares of company stock valued at $23,119,030 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 target price for the company. Bank of America initiated coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a “buy” rating and a $2,800.00 target price on the stock. UBS Group reduced their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Oppenheimer cut their price objective on Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,210.23.

Fair Isaac Stock Performance

FICO opened at $1,907.06 on Friday. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The stock has a market capitalization of $46.57 billion, a P/E ratio of 87.52, a price-to-earnings-growth ratio of 3.27 and a beta of 1.37. The business’s 50-day simple moving average is $1,821.31 and its 200-day simple moving average is $1,980.95.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. On average, equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current fiscal year.

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.