Assenagon Asset Management S.A. Purchases 10,002 Shares of Fair Isaac Corporation $FICO

Key Points

• Assenagon Asset Management increased its Fair Isaac stake by 38.1% in the second quarter, purchasing 10,002 shares and bringing its holdings to 36,247 shares worth approximately $43.3 million. Institutional investors collectively own 85.75% of FICO.
• Analyst sentiment remains positive but mixed: 11 analysts rate FICO a Buy and five rate it Hold, producing a “Moderate Buy” consensus and an average price target of $1,599.14.
• Fair Isaac reported quarterly EPS of $12.18, beating estimates of $11.76, while revenue rose 25.7% year over year to $674.19 million. Director Eva Manolis separately sold 967 shares under a pre-arranged Rule 10b5-1 plan.

Assenagon Asset Management S.A. raised its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 38.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,247 shares of the technology company's stock after buying an additional 10,002 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Fair Isaac worth $43,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FICO. Bayban bought a new stake in shares of Fair Isaac during the fourth quarter worth $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Fair Isaac by 166.7% during the fourth quarter. Physician Wealth Advisors Inc. now owns 16 shares of the technology company's stock valued at $27,000 after purchasing an additional 10 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Fair Isaac in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in Fair Isaac by 100.0% in the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company's stock worth $44,000 after purchasing an additional 12 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in Fair Isaac in the 4th quarter worth approximately $42,000. Institutional investors own 85.75% of the company's stock.

Insiders Place Their Bets

In related news, Director Eva Manolis sold 967 shares of Fair Isaac stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $1,400.00, for a total transaction of $1,353,800.00. Following the transaction, the director owned 498 shares of the company's stock, valued at $697,200. This trade represents a 66.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of recent research reports. Raymond James Financial reiterated an "outperform" rating and issued a $1,750.00 price objective on shares of Fair Isaac in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their target price on Fair Isaac from $1,325.00 to $1,225.00 and set a "neutral" rating for the company in a research report on Thursday, April 30th. Wall Street Zen lowered Fair Isaac from a "buy" rating to a "hold" rating in a research note on Sunday, June 28th. Needham & Company LLC reiterated a "buy" rating and issued a $1,650.00 price target on shares of Fair Isaac in a report on Thursday, July 30th. Finally, Weiss Ratings lowered Fair Isaac from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,599.14.

Fair Isaac Stock Up 0.8%

NYSE:FICO opened at $1,039.86 on Friday. Fair Isaac Corporation has a 12-month low of $870.01 and a 12-month high of $1,998.01. The stock's fifty day simple moving average is $1,195.14 and its 200-day simple moving average is $1,213.99. The firm has a market capitalization of $22.46 billion, a P/E ratio of 30.04, a P/E/G ratio of 0.94 and a beta of 1.30.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating analysts' consensus estimates of $11.76 by $0.42. Fair Isaac had a negative return on equity of 32.51% and a net margin of 34.05%.The business had revenue of $674.19 million during the quarter, compared to the consensus estimate of $679.17 million. During the same quarter in the prior year, the company posted $8.57 earnings per share. The firm's revenue was up 25.7% on a year-over-year basis. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. As a group, equities research analysts expect that Fair Isaac Corporation will post 37.37 earnings per share for the current 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.

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