Fair Isaac Corporation $FICO Stock: Assenagon Asset Management S.A. Trims Position

Key Points

• Assenagon Asset Management reduced its Fair Isaac stake by 14.8% in the third quarter, selling 5,352 shares and retaining 30,895 shares worth approximately $18.3 million. Institutional investors collectively own 85.75% of FICO.
• Fair Isaac reported quarterly EPS of $12.18, topping the $11.76 analyst consensus, while revenue rose 25.7% year over year to $674.19 million but fell slightly short of expectations.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $1,113.50, although targets were recently reduced and Zacks downgraded the stock to “strong sell.”

Assenagon Asset Management S.A. decreased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,895 shares of the technology company's stock after selling 5,352 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.14% of Fair Isaac worth $18,304,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bayban purchased a new position in Fair Isaac in the fourth quarter valued at about $25,000. Keating Financial Advisory Services Inc. purchased a new stake in Fair Isaac in the second quarter valued at about $30,000. Western Wealth Management LLC purchased a new stake in Fair Isaac in the first quarter valued at about $29,000. Reflection Asset Management purchased a new stake in Fair Isaac in the fourth quarter valued at about $52,000. Finally, Versant Capital Management Inc boosted its holdings in Fair Isaac by 120.0% in the second quarter. Versant Capital Management Inc now owns 44 shares of the technology company's stock worth $53,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company's stock.

Insider Activity

In related news, Director Eva Manolis sold 967 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 498 shares in the company, valued at approximately $697,200. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.02% of the company's stock.

Fair Isaac Trading Down 0.2%

Shares of Fair Isaac stock opened at $769.81 on Monday. Fair Isaac Corporation has a twelve month low of $586.05 and a twelve month high of $1,858.91. The firm has a market capitalization of $16.63 billion, a PE ratio of 22.24, a P/E/G ratio of 0.89 and a beta of 1.35. The firm's 50-day moving average price is $935.43 and its 200 day moving average price is $1,074.82.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $12.18 EPS for the quarter, beating analysts' consensus estimates of $11.76 by $0.42. The business had revenue of $674.19 million during the quarter, compared to analysts' expectations of $679.17 million. Fair Isaac had a net margin of 34.05% and a negative return on equity of 32.51%. The company's quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned $8.57 earnings per share. Fair Isaac has set its FY 2026 guidance at 42.430-42.430 EPS. On average, sell-side analysts predict that Fair Isaac Corporation will post 36.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Credit Suisse Group set a $1,150.00 price target on shares of Fair Isaac in a report on Wednesday, September 30th. Royal Bank Of Canada dropped their price objective on shares of Fair Isaac from $1,525.00 to $1,045.00 and set an "outperform" rating on the stock in a report on Friday. Susquehanna set a $700.00 target price on Fair Isaac in a research report on Wednesday, September 30th. BMO Capital Markets cut their target price on Fair Isaac from $1,550.00 to $1,150.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 30th. Finally, Zacks Research lowered Fair Isaac from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 7th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Fair Isaac presently has an average rating of "Moderate Buy" and a consensus target price of $1,113.50.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO's offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.

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