Palisade Asset Management LLC Purchases Shares of 200 Fair Isaac Co. (NYSE:FICO)

Palisade Asset Management LLC bought a new position in shares of Fair Isaac Co. (NYSE:FICO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200 shares of the technology company’s stock, valued at approximately $233,000.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after acquiring an additional 4,212 shares during the period. Brighton Jones LLC purchased a new position in Fair Isaac in the third quarter valued at $392,000. IFM Investors Pty Ltd boosted its stake in shares of Fair Isaac by 1.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 5,194 shares of the technology company’s stock worth $4,511,000 after acquiring an additional 61 shares in the last quarter. Advisor Partners II LLC raised its holdings in Fair Isaac by 4.1% in the 3rd quarter. Advisor Partners II LLC now owns 1,791 shares of the technology company’s stock worth $1,555,000 after purchasing an additional 70 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Fair Isaac in the third quarter valued at approximately $534,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently owned by company insiders.

Fair Isaac Price Performance

Shares of FICO stock traded down $0.36 on Tuesday, hitting $1,242.27. The stock had a trading volume of 163,558 shares, compared to its average volume of 175,423. The firm has a market capitalization of $30.70 billion, a P/E ratio of 65.23, a P/E/G ratio of 3.21 and a beta of 1.24. The company’s 50 day moving average price is $1,225.18 and its 200-day moving average price is $1,163.96. Fair Isaac Co. has a 1 year low of $729.54 and a 1 year high of $1,349.75.

Analysts Set New Price Targets

Several equities research analysts recently commented on FICO shares. Jefferies Financial Group boosted their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Raymond James upped their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Fair Isaac has an average rating of “Moderate Buy” and a consensus price target of $1,224.40.

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.