Frank Rimerman Advisors LLC Takes $202,000 Position in Fair Isaac Co. (NYSE:FICO)

Frank Rimerman Advisors LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 104 shares of the technology company’s stock, valued at approximately $202,000.

Several other large investors also recently bought and sold shares of FICO. Wealth Enhancement Advisory Services LLC lifted its stake in Fair Isaac by 8.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,139 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 92 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Fair Isaac by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 60,468 shares of the technology company’s stock valued at $75,561,000 after buying an additional 419 shares during the last quarter. Norden Group LLC purchased a new position in Fair Isaac in the first quarter valued at $472,000. First Trust Direct Indexing L.P. increased its holdings in Fair Isaac by 14.4% in the first quarter. First Trust Direct Indexing L.P. now owns 477 shares of the technology company’s stock valued at $596,000 after buying an additional 60 shares during the last quarter. Finally, ZRC Wealth Management LLC purchased a new position in shares of Fair Isaac during the first quarter worth about $47,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FICO. Needham & Company LLC increased their target price on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of Fair Isaac from $1,879.00 to $2,130.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lifted their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,787.08.

Insider Buying and Selling at Fair Isaac

In other news, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark R. Scadina sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $1,714.18, for a total transaction of $5,999,630.00. Following the transaction, the executive vice president now owns 19,919 shares of the company’s stock, valued at $34,144,751.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares in the company, valued at approximately $22,065,174.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,261 shares of company stock valued at $26,291,370 in the last ninety days. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

Fair Isaac stock opened at $2,021.86 on Wednesday. The firm’s 50 day moving average price is $1,892.56 and its two-hundred day moving average price is $1,596.29. Fair Isaac Co. has a twelve month low of $831.55 and a twelve month high of $2,103.70. The firm has a market cap of $49.96 billion, a PE ratio of 106.13, a P/E/G ratio of 3.75 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.