Assenagon Asset Management S.A. Has $37.45 Million Stake in Fair Isaac Co. (NYSE:FICO)

Assenagon Asset Management S.A. raised its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 650.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,810 shares of the technology company's stock after buying an additional 16,305 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Fair Isaac worth $37,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac during the 3rd quarter valued at $25,000. True Wealth Design LLC boosted its stake in shares of Fair Isaac by 900.0% during the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock worth $39,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after purchasing an additional 6 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 20 shares during the period. Finally, Covestor Ltd raised its holdings in Fair Isaac by 30.0% in the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company's stock worth $52,000 after acquiring an additional 6 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Insiders Place Their Bets

In other news, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company's stock, valued at approximately $4,867,832.76. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the transaction, the director now directly owns 92 shares of the company's stock, valued at $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,589 shares of company stock worth $31,258,963. Company insiders own 3.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Fair Isaac from $2,250.00 to $2,275.00 and gave the company a "buy" rating in a report on Wednesday. Needham & Company LLC upped their target price on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a report on Friday, December 20th. They set a "neutral" rating and a $2,150.00 price objective on the stock. Robert W. Baird increased their target price on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,087.77.

Fair Isaac Price Performance

Shares of FICO stock traded down $72.58 during trading hours on Friday, reaching $1,897.10. The company had a trading volume of 362,499 shares, compared to its average volume of 179,881. The company has a 50 day moving average of $2,170.64 and a 200 day moving average of $1,926.63. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 92.77, a P/E/G ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51.

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.