Accretive Wealth Partners LLC Has $2.81 Million Position in Fair Isaac Corporation $FICO

Accretive Wealth Partners LLC cut its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,537 shares of the technology company’s stock after selling 14 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Fair Isaac were worth $2,810,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FICO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock valued at $584,193,000 after buying an additional 72,518 shares in the last quarter. Nuveen LLC bought a new position in shares of Fair Isaac in the first quarter valued at approximately $114,864,000. Vanguard Group Inc. boosted its holdings in shares of Fair Isaac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after acquiring an additional 58,740 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Fair Isaac during the 2nd quarter worth approximately $85,183,000. Finally, Congress Asset Management Co. increased its holdings in Fair Isaac by 261.2% during the 2nd quarter. Congress Asset Management Co. now owns 48,778 shares of the technology company’s stock valued at $89,164,000 after purchasing an additional 35,272 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at approximately $64,787,175. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 18,032 shares of company stock worth $28,094,085 in the last quarter. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FICO shares. Raymond James Financial lowered their target price on Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Barclays boosted their target price on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research note on Monday, August 18th. Needham & Company LLC restated a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company upped their price objective on Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,137.43.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $1,614.22 on Monday. Fair Isaac Corporation has a fifty-two week low of $1,300.00 and a fifty-two week high of $2,402.51. The firm has a market capitalization of $38.74 billion, a P/E ratio of 63.13, a P/E/G ratio of 1.74 and a beta of 1.35. The company’s 50 day simple moving average is $1,533.05 and its 200 day simple moving average is $1,689.10.

Fair Isaac (NYSE:FICO) last issued its earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, beating the consensus estimate of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same quarter in the previous year, the company posted $6.25 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Sell-side analysts expect that Fair Isaac Corporation 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.