Jennison Associates LLC Increases Stake in Fair Isaac Co. (NYSE:FICO)

Jennison Associates LLC boosted its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 35.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,149 shares of the technology company's stock after buying an additional 62,653 shares during the period. Jennison Associates LLC owned 0.98% of Fair Isaac worth $468,677,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FICO. International Assets Investment Management LLC boosted its stake in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company's stock worth $1,046,304,000 after acquiring an additional 538,071 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Fair Isaac by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company's stock worth $1,076,268,000 after purchasing an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Fair Isaac by 1,270.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company's stock worth $142,413,000 after buying an additional 67,931 shares during the last quarter. Westwind Capital increased its position in Fair Isaac by 891.8% during the 2nd quarter. Westwind Capital now owns 69,742 shares of the technology company's stock valued at $10,382,000 after buying an additional 62,710 shares in the last quarter. Finally, Spear Holdings RSC Ltd purchased a new position in Fair Isaac during the first quarter valued at $69,478,000. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FICO. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Robert W. Baird lifted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group assumed coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 price objective for the company. Finally, Barclays upped their target price on shares of 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $1,964.92.

Insider Activity at Fair Isaac

In related news, Director Joanna Rees sold 3,961 shares of the business's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the sale, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $13,489,133.49. This trade represents a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock valued at $13,780,452. 3.54% of the stock is owned by company insiders.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $23.23 during mid-day trading on Wednesday, reaching $2,307.66. 56,643 shares of the company traded hands, compared to its average volume of 169,575. Fair Isaac Co. has a 52 week low of $1,049.30 and a 52 week high of $2,402.51. The firm has a market cap of $56.19 billion, a PE ratio of 112.93, a PEG ratio of 4.16 and a beta of 1.35. The company's 50 day moving average price is $2,026.85 and its 200-day moving average price is $1,704.79.

Fair Isaac declared that its board has approved a stock repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Fair Isaac 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.