Swedbank AB Has $19.09 Million Stock Holdings in Fair Isaac Co. (NYSE:FICO)

Swedbank AB grew its position in Fair Isaac Co. (NYSE:FICO) by 11.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,822 shares of the technology company’s stock after buying an additional 1,013 shares during the period. Swedbank AB’s holdings in Fair Isaac were worth $19,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Fair Isaac by 189,461.6% during the 3rd 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 period. AustralianSuper Pty Ltd grew its holdings in 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 acquiring an additional 67,931 shares during the period. Westwind Capital raised its position in shares of 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 acquiring an additional 62,710 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Fair Isaac by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares during the period. Finally, Spear Holdings RSC Ltd bought a new position in shares of Fair Isaac in the 1st quarter worth $69,478,000. Institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird increased their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC increased their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Royal Bank of Canada restated 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,964.92.

Fair Isaac Price Performance

FICO stock opened at $2,360.36 on Tuesday. The stock has a market capitalization of $57.47 billion, a P/E ratio of 115.42, a P/E/G ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $1,067.36 and a fifty-two week high of $2,402.51. The business has a 50-day moving average of $2,064.93 and a 200-day moving average of $1,735.38.

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

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares in the company, valued at approximately $113,456,446.95. The trade was a 6.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joanna Rees sold 3,961 shares of the business’s stock in a transaction dated 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. In the last quarter, insiders have sold 10,390 shares of company stock worth $21,901,887. Corporate 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.