Raymond James & Associates Acquires 581 Shares of Fair Isaac Co. (NYSE:FICO)

Raymond James & Associates raised its stake in shares of Fair Isaac Co. (NYSE:FICO) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,838 shares of the technology company’s stock after acquiring an additional 581 shares during the quarter. Raymond James & Associates owned approximately 0.16% of Fair Isaac worth $49,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings 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 last quarter. Norges Bank acquired a new stake in Fair Isaac in the 4th quarter worth approximately $259,509,000. American Century Companies Inc. grew its position in Fair Isaac by 39.6% during 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 during the last quarter. Principal Financial Group Inc. increased its stake in Fair Isaac by 52.2% during the 3rd quarter. Principal Financial Group Inc. now owns 239,644 shares of the technology company’s stock valued at $208,138,000 after purchasing an additional 82,214 shares in the last quarter. Finally, Putnam Investments LLC raised its holdings in shares of Fair Isaac by 111.3% in the fourth quarter. Putnam Investments LLC now owns 152,898 shares of the technology company’s stock worth $177,975,000 after buying an additional 80,530 shares during the last quarter. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 20,638 shares in the company, valued at $25,300,743.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 24,000 shares of company stock worth $29,011,120 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

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

Fair Isaac Price Performance

Shares of FICO stock traded up $27.66 during midday trading on Friday, reaching $1,193.01. 182,907 shares of the company traded hands, compared to its average volume of 194,081. The firm’s 50 day simple moving average is $1,226.09 and its two-hundred day simple moving average is $1,158.28. The firm has a market cap of $29.48 billion, a PE ratio of 62.63, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. Fair Isaac Co. has a 1-year low of $729.54 and a 1-year high of $1,349.75.

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.