Fair Isaac Co. (NYSE:FICO) Stake Increased by National Bank of Canada FI

National Bank of Canada FI raised its stake in shares of Fair Isaac Co. (NYSE:FICO) by 17.5% during the fourth quarter, HoldingsChannel reports. The fund owned 12,172 shares of the technology company’s stock after acquiring an additional 1,814 shares during the quarter. National Bank of Canada FI’s holdings in Fair Isaac were worth $13,689,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FICO. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fair Isaac during the 4th quarter valued at about $35,000. Headlands Technologies LLC acquired a new stake in shares of Fair Isaac during the 3rd quarter worth approximately $42,000. Assetmark Inc. bought a new stake in shares of Fair Isaac in the 3rd quarter worth approximately $44,000. KB Financial Partners LLC boosted its position in Fair Isaac by 26.2% during the 3rd quarter. KB Financial Partners LLC now owns 53 shares of the technology company’s stock valued at $46,000 after purchasing an additional 11 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company’s stock worth $48,000 after buying an additional 9 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 24,000 shares of company stock worth $29,011,120 over the last 90 days. 3.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price target on shares of Fair Isaac in a research note on Monday, April 22nd. Redburn Atlantic initiated coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a “neutral” rating and a $1,113.00 price objective for the company. Jefferies Financial Group raised their target price on 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,224.40.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,249.59 on Thursday. Fair Isaac Co. has a 1 year low of $733.75 and a 1 year high of $1,349.75. The stock has a fifty day moving average price of $1,223.96 and a two-hundred day moving average price of $1,166.87. The firm has a market cap of $30.88 billion, a P/E ratio of 65.60, a PEG ratio of 3.21 and a beta of 1.24.

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.