Palisade Asset Management LLC Takes Position in Fair Isaac Co. (NYSE:FICO)

Palisade Asset Management LLC bought a new stake in Fair Isaac Co. (NYSE:FICO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 200 shares of the technology company’s stock, valued at approximately $233,000.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Fair Isaac by 112,366.2% during the 4th quarter. International Assets Investment Management LLC now owns 399,255 shares of the technology company’s stock valued at $464,737,000 after purchasing an additional 398,900 shares during the period. American Century Companies Inc. raised its holdings in shares of Fair Isaac by 39.6% in the 3rd quarter. American Century Companies Inc. now owns 366,865 shares of the technology company’s stock worth $318,633,000 after purchasing an additional 104,161 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Fair Isaac by 52.2% during the third quarter. Principal Financial Group Inc. now owns 239,644 shares of the technology company’s stock worth $208,138,000 after buying an additional 82,214 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Fair Isaac by 191.0% in the third quarter. Schroder Investment Management Group now owns 111,635 shares of the technology company’s stock valued at $96,958,000 after buying an additional 73,267 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Fair Isaac by 13.6% during the 3rd quarter. Invesco Ltd. now owns 359,549 shares of the technology company’s stock valued at $312,279,000 after acquiring an additional 42,998 shares during the last quarter. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Price Performance

Shares of FICO stock traded down $0.36 on Tuesday, hitting $1,242.27. The company’s stock had a trading volume of 163,558 shares, compared to its average volume of 175,423. Fair Isaac Co. has a fifty-two week low of $729.54 and a fifty-two week high of $1,349.75. The firm’s fifty day moving average price is $1,225.18 and its 200-day moving average price is $1,163.96. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 65.23, a P/E/G ratio of 3.21 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FICO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Fair Isaac in a report on Monday, April 22nd. Barclays boosted their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Redburn Atlantic assumed coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Finally, Jefferies Financial Group raised their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,224.40.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 24,000 shares of company stock valued at $29,011,120. Insiders own 3.54% of the company’s stock.

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.