Assenagon Asset Management S.A. Sells 11,307 Shares of Fair Isaac Corporation $FICO

Assenagon Asset Management S.A. lessened its holdings in shares of Fair Isaac Corporation (NYSE:FICO) by 68.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,114 shares of the technology company’s stock after selling 11,307 shares during the period. Assenagon Asset Management S.A.’s holdings in Fair Isaac were worth $7,653,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MAI Capital Management lifted its holdings in Fair Isaac by 11.8% during the 1st quarter. MAI Capital Management now owns 57 shares of the technology company’s stock worth $105,000 after buying an additional 6 shares during the period. Great Lakes Advisors LLC raised its position in shares of Fair Isaac by 5.7% during the first quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Fair Isaac by 1.0% during the second quarter. DAVENPORT & Co LLC now owns 786 shares of the technology company’s stock worth $1,437,000 after acquiring an additional 8 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Fair Isaac by 2.7% in the second quarter. Concurrent Investment Advisors LLC now owns 305 shares of the technology company’s stock worth $558,000 after acquiring an additional 8 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Fair Isaac by 33.3% in the second quarter. Private Trust Co. NA now owns 36 shares of the technology company’s stock valued at $66,000 after acquiring an additional 9 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FICO. Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. UBS Group lifted their target price on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Zacks Research cut shares of Fair Isaac from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Jefferies Financial Group decreased their price target on Fair Isaac from $2,150.00 to $2,100.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus price target of $2,076.77.

Insider Buying and Selling at Fair Isaac

In related news, CFO Steven P. Weber sold 1,426 shares of Fair Isaac stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the sale, the chief financial officer owned 2,804 shares of the company’s stock, valued at approximately $5,075,240. This trade represents a 33.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eva Manolis sold 521 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the sale, the director owned 344 shares of the company’s stock, valued at $628,085.52. This trade represents a 60.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,358 shares of company stock valued at $17,517,343. Company insiders own 3.46% of the company’s stock.

Fair Isaac Trading Down 0.8%

FICO opened at $1,747.90 on Friday. The company has a fifty day moving average price of $1,717.38 and a two-hundred day moving average price of $1,634.76. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,217.60. The company has a market cap of $41.44 billion, a P/E ratio of 65.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.29.

Fair Isaac (NYSE:FICO) last issued its earnings results on Thursday, October 30th. The technology company reported $7.74 EPS for the quarter, beating the consensus estimate of $7.36 by $0.38. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The company had revenue of $515.75 million during the quarter, compared to the consensus estimate of $512.38 million. During the same period last year, the business posted $6.54 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, research analysts forecast that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.