Allianz Asset Management GmbH Has $39.48 Million Stock Position in Fair Isaac Corporation (NYSE:FICO)

Allianz Asset Management GmbH raised its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 948.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,410 shares of the technology company's stock after acquiring an additional 19,367 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Fair Isaac worth $39,483,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FICO. Brighton Jones LLC boosted its holdings in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after acquiring an additional 302 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Fair Isaac by 804.8% during the 4th quarter. Teacher Retirement System of Texas now owns 1,493 shares of the technology company's stock worth $2,972,000 after purchasing an additional 1,328 shares during the period. TD Asset Management Inc. raised its position in shares of Fair Isaac by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 66,156 shares of the technology company's stock worth $131,712,000 after purchasing an additional 1,749 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Fair Isaac by 13.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,596 shares of the technology company's stock worth $37,023,000 after buying an additional 2,231 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Fair Isaac during the 4th quarter valued at $796,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Stock Up 0.3%

NYSE:FICO traded up $4.90 during mid-day trading on Thursday, reaching $1,536.16. The company's stock had a trading volume of 220,101 shares, compared to its average volume of 372,383. The firm has a market capitalization of $37.39 billion, a PE ratio of 66.16, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. The stock has a fifty day moving average of $1,740.50 and a 200-day moving average of $1,831.66. Fair Isaac Corporation has a 1 year low of $1,477.11 and a 1 year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $7.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The firm had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter last year, the firm posted $6.14 EPS. The business's revenue was up 15.0% on a year-over-year basis. On average, analysts expect that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase program on Thursday, June 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Needham & Company LLC set a $1,950.00 price objective on Fair Isaac and gave the stock a "buy" rating in a report on Wednesday, July 16th. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 28th. Griffin Securities set a $2,000.00 target price on shares of Fair Isaac in a research note on Wednesday, July 9th. Bank of America assumed coverage on shares of Fair Isaac in a report on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 target price on the stock. Finally, Barclays lowered their price target on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $2,218.64.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the sale, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the sale, the chief executive officer owned 42,138 shares of the company's stock, valued at $74,492,399.16. This represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,906 shares of company stock worth $45,222,913. Insiders own 3.46% of the company's stock.

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.