Fair Isaac Co. (NYSE:FICO) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41 shares of the technology company’s stock after purchasing an additional 9 shares during the period. First Horizon Advisors Inc.’s holdings in Fair Isaac were worth $48,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Fair Isaac in the fourth quarter valued at about $35,000. Headlands Technologies LLC acquired a new stake in Fair Isaac in the 3rd quarter worth approximately $42,000. Assetmark Inc. purchased a new stake in Fair Isaac during the 3rd quarter worth approximately $44,000. KB Financial Partners LLC increased its stake 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 in the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of Fair Isaac in the third quarter worth $50,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

FICO has been the topic of a number of research analyst reports. Barclays boosted their price objective 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 started coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price objective on the stock. Jefferies Financial Group lifted their target price on 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 reissued 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price objective on shares of Fair Isaac in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,224.40.

Fair Isaac Price Performance

NYSE:FICO opened at $1,242.27 on Wednesday. The company has a 50 day moving average price of $1,224.50 and a 200-day moving average price of $1,166.29. Fair Isaac Co. has a 1-year low of $729.54 and a 1-year high of $1,349.75. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 65.21, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24.

Insider Buying and Selling at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 24,000 shares of company stock valued at $29,011,120. 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.