Fair Isaac Corporation $FICO Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its position in Fair Isaac Corporation (NYSE:FICO) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,872 shares of the technology company’s stock after selling 22,674 shares during the quarter. Jennison Associates LLC owned 0.39% of Fair Isaac worth $171,595,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geo Capital Gestora de Recursos Ltd acquired a new stake in Fair Isaac in the first quarter valued at approximately $28,000. ORG Partners LLC acquired a new stake in Fair Isaac in the second quarter valued at approximately $27,000. Hilltop National Bank acquired a new stake in Fair Isaac in the second quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in Fair Isaac in the first quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. grew its position in Fair Isaac by 41.7% in the first quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company’s stock valued at $31,000 after acquiring an additional 5 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Transactions at Fair Isaac

In related news, CEO William J. Lansing sold 6,011 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the transaction, the chief executive officer directly owned 42,138 shares in the company, valued at $64,787,175. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 18,032 shares of company stock worth $28,094,085 in the last quarter. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

FICO has been the subject of several recent research reports. Zacks Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Griffin Securities set a $1,800.00 price target on shares of Fair Isaac in a research report on Monday, August 18th. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Jefferies Financial Group reissued a “buy” rating on shares of Fair Isaac in a research report on Thursday, July 17th. Finally, Seaport Res Ptn raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,137.43.

Fair Isaac Price Performance

Shares of FICO opened at $1,669.41 on Wednesday. The business’s fifty day moving average price is $1,573.73 and its 200 day moving average price is $1,682.93. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,402.51. The stock has a market capitalization of $40.07 billion, a PE ratio of 65.29, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The firm had revenue of $536.42 million for the quarter, compared to analysts’ expectations of $520.40 million. During the same period last year, the business posted $6.25 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

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.