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

Assenagon Asset Management S.A. increased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 650.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,810 shares of the technology company’s stock after acquiring an additional 16,305 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Fair Isaac were worth $37,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FICO. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Fair Isaac by 15.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 290 shares of the technology company’s stock worth $577,000 after purchasing an additional 39 shares during the period. Oak Thistle LLC raised its position in Fair Isaac by 323.7% during the 4th quarter. Oak Thistle LLC now owns 1,305 shares of the technology company’s stock worth $2,598,000 after purchasing an additional 997 shares during the last quarter. Unique Wealth LLC lifted its holdings in Fair Isaac by 58.6% during the 4th quarter. Unique Wealth LLC now owns 257 shares of the technology company’s stock worth $512,000 after buying an additional 95 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Fair Isaac by 4.7% in the 4th quarter. Miracle Mile Advisors LLC now owns 908 shares of the technology company’s stock valued at $1,808,000 after buying an additional 41 shares during the last quarter. Finally, Sunflower Bank N.A. increased its stake in shares of Fair Isaac by 12.6% in the fourth quarter. Sunflower Bank N.A. now owns 179 shares of the technology company’s stock valued at $356,000 after buying an additional 20 shares during the period. 85.75% of the stock is owned by institutional investors.

Fair Isaac Price Performance

Shares of Fair Isaac stock opened at $1,971.70 on Friday. The business has a 50-day simple moving average of $2,174.74 and a 200 day simple moving average of $1,926.32. The firm has a market capitalization of $48.01 billion, a price-to-earnings ratio of 96.42, a PEG ratio of 3.55 and a beta of 1.40. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.51.

Insider Activity

In other Fair Isaac news, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This trade represents a 73.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares in the company, valued at approximately $113,456,446.95. This represents a 6.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,589 shares of company stock worth $31,258,963 over the last quarter. 3.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research report on Friday, December 20th. They set a “neutral” rating and a $2,150.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Needham & Company LLC increased their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,087.77.

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.