Fair Isaac Co. (NYSE:FICO) Shares Sold by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC lowered its position in Fair Isaac Co. (NYSE:FICO) by 3.6% in the third quarter, HoldingsChannel reports. The fund owned 1,648 shares of the technology company’s stock after selling 62 shares during the quarter. Fair Isaac accounts for about 1.3% of Accretive Wealth Partners LLC’s 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 reporting period.

A number of other large investors have also modified their holdings of FICO. Heritage Family Offices LLP lifted its position in shares of Fair Isaac by 2.0% during the 3rd quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock valued at $498,000 after buying an additional 5 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Fair Isaac by 5.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares during the period. Moss Adams Wealth Advisors LLC grew its position in shares of Fair Isaac by 4.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock valued at $301,000 after purchasing an additional 6 shares during the period. Covestor Ltd increased its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock worth $52,000 after purchasing an additional 6 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Up 1.2 %

NYSE:FICO opened at $2,337.83 on Friday. Fair Isaac Co. has a 52 week low of $1,057.69 and a 52 week high of $2,402.51. The stock’s fifty day moving average is $2,045.87 and its two-hundred day moving average is $1,713.39. The stock has a market capitalization of $56.92 billion, a price-to-earnings ratio of 114.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35.

Fair Isaac announced that its board has authorized a stock repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FICO has been the subject of several research reports. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays raised 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 research note on Thursday, November 7th. Oppenheimer upped their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird boosted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock worth $13,780,452. 3.54% of the stock is currently owned by company insiders.

About Fair Isaac

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.