Accretive Wealth Partners LLC Decreases Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Accretive Wealth Partners LLC cut its holdings in Fair Isaac Co. (NYSE:FICO) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,648 shares of the technology company’s stock after selling 62 shares during the quarter. Fair Isaac accounts for approximately 1.3% of Accretive Wealth Partners LLC’s investment portfolio, making the stock its 13th largest position. Accretive Wealth Partners LLC’s holdings in Fair Isaac were worth $3,203,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Fair Isaac by 189,461.6% in the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock worth $1,076,268,000 after acquiring an additional 174,397 shares during the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the period. Westwind Capital grew its holdings in Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company’s stock valued at $10,382,000 after purchasing an additional 62,710 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock worth $468,677,000 after purchasing an additional 62,653 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold 6,890 shares of company stock worth $13,780,452 in the last three months. 3.54% of the stock is owned by insiders.

Fair Isaac Stock Up 1.2 %

Fair Isaac stock opened at $2,337.83 on Friday. The firm has a market cap of $56.92 billion, a P/E ratio of 114.32, a P/E/G ratio of 4.20 and a beta of 1.35. The business has a fifty day moving average of $2,045.87 and a two-hundred day moving average of $1,713.39. Fair Isaac Co. has a twelve month low of $1,057.69 and a twelve month high of $2,402.51.

Fair Isaac declared that its board has initiated a share buyback 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on FICO. UBS Group initiated coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 target price on the stock. Wells Fargo & Company upped their price objective on 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. The Goldman Sachs Group lifted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays upped their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. Four investment 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 a consensus price target 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.