ZRC Wealth Management LLC Acquires Shares of 38 Fair Isaac Co. (NYSE:FICO)

ZRC Wealth Management LLC bought a new position in Fair Isaac Co. (NYSE:FICO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38 shares of the technology company’s stock, valued at approximately $47,000.

A number of other institutional investors have also modified their holdings of FICO. McGlone Suttner Wealth Management Inc. acquired a new stake in Fair Isaac during the fourth quarter valued at approximately $35,000. DSM Capital Partners LLC bought a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $37,000. KB Financial Partners LLC raised its position in shares of Fair Isaac by 26.2% during the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after acquiring an additional 11 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Fair Isaac by 28.1% during the fourth quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after purchasing an additional 9 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Fair Isaac in the fourth quarter worth $50,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 0.0 %

Shares of NYSE FICO opened at $1,530.06 on Friday. The stock has a market cap of $37.81 billion, a P/E ratio of 80.32, a P/E/G ratio of 4.12 and a beta of 1.34. The firm’s 50-day simple moving average is $1,352.56 and its 200 day simple moving average is $1,272.01. Fair Isaac Co. has a fifty-two week low of $776.63 and a fifty-two week high of $1,541.37.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $0.20. The company had revenue of $433.81 million for the quarter, compared to the consensus estimate of $425.94 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.28%. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FICO has been the topic of a number of research reports. Redburn Atlantic initiated coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Tuesday, June 11th. Finally, Raymond James raised their target price on Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,274.33.

Insiders Place Their Bets

In other news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now owns 49,314 shares of the company’s stock, valued at approximately $67,772,230.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Richard Deal sold 13,591 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total value of $18,678,111.30. Following the sale, the executive vice president now directly owns 49,314 shares in the company, valued at approximately $67,772,230.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark R. Scadina sold 423 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $1,372.12, for a total transaction of $580,406.76. Following the sale, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The disclosure for this sale can be found here. Insiders sold 24,014 shares of company stock worth $31,012,918 over the last ninety days. Company insiders own 3.54% of the company’s stock.

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.