Fair Isaac Co. (NYSE:FICO) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 173.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,354 shares of the technology company's stock after buying an additional 32,544 shares during the quarter. Assenagon Asset Management S.A. owned about 0.21% of Fair Isaac worth $94,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nebula Research & Development LLC purchased a new stake in Fair Isaac in the fourth quarter valued at $2,540,000. Brighton Jones LLC raised its holdings in Fair Isaac by 168.7% in the 4th quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after buying an additional 302 shares during the period. Allstate Corp acquired a new position in Fair Isaac in the fourth quarter valued at about $1,441,000. Tidal Investments LLC boosted its stake in Fair Isaac by 692.2% during the fourth quarter. Tidal Investments LLC now owns 14,133 shares of the technology company's stock worth $28,138,000 after buying an additional 12,349 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Fair Isaac by 94.1% during the fourth quarter. Jones Financial Companies Lllp now owns 132 shares of the technology company's stock valued at $263,000 after acquiring an additional 64 shares during the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fair Isaac news, EVP Thomas A. Bowers sold 4,077 shares of Fair Isaac stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $2,057.05, for a total value of $8,386,592.85. Following the completion of the sale, the executive vice president now directly owns 9,974 shares of the company's stock, valued at approximately $20,517,016.70. The trade was a 29.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 5,419 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $2,147.97, for a total value of $11,639,849.43. Following the transaction, the chief executive officer now directly owns 42,730 shares in the company, valued at approximately $91,782,758.10. This represents a 11.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,841 shares of company stock worth $29,919,171 in the last three months. Corporate insiders own 3.46% of the company's stock.

Fair Isaac Stock Performance

FICO stock traded up $0.81 during trading on Thursday, reaching $1,805.81. 63,523 shares of the company were exchanged, compared to its average volume of 190,961. The stock's 50 day moving average price is $1,888.47 and its 200 day moving average price is $1,929.91. Fair Isaac Co. has a 52-week low of $1,331.86 and a 52-week high of $2,402.52. The company has a market cap of $43.96 billion, a P/E ratio of 82.87, a PEG ratio of 3.27 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 53.40% and a net margin of 30.66%. The business had revenue of $498.74 million for the quarter, compared to analyst estimates of $500.45 million. During the same quarter in the previous year, the company earned $6.14 EPS. The company's quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Fair Isaac Co. will post 24.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on FICO. Bank of America initiated coverage on Fair Isaac in a report on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $2,500.00 price objective (up previously from $2,225.00) on shares of Fair Isaac in a report on Wednesday, May 14th. Oppenheimer raised their price target on Fair Isaac from $2,116.00 to $2,293.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Royal Bank of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $2,040.00 to $2,170.00 in a report on Wednesday, February 26th. Finally, Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $2,021.00 to $1,900.00 in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,304.15.

Fair Isaac Company 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.