Ycg LLC Grows Stock Position in Fair Isaac Co. (NYSE:FICO)

Ycg LLC raised its position in Fair Isaac Co. (NYSE:FICO) by 1,361.6% in the 2nd quarter, Holdings Channel reports. The fund owned 11,240 shares of the technology company’s stock after acquiring an additional 10,471 shares during the period. Fair Isaac accounts for approximately 1.4% of Ycg LLC’s holdings, making the stock its 29th biggest position. Ycg LLC’s holdings in Fair Isaac were worth $16,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lincoln National Corp boosted its stake in shares of Fair Isaac by 2.8% in the fourth quarter. Lincoln National Corp now owns 399 shares of the technology company’s stock valued at $464,000 after buying an additional 11 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Fair Isaac by 10.8% during the 4th quarter. Apollon Wealth Management LLC now owns 616 shares of the technology company’s stock worth $717,000 after purchasing an additional 60 shares during the period. Principal Securities Inc. purchased a new position in shares of Fair Isaac in the 4th quarter valued at about $118,000. Teacher Retirement System of Texas lifted its stake in shares of Fair Isaac by 4.3% in the fourth quarter. Teacher Retirement System of Texas now owns 12,751 shares of the technology company’s stock valued at $14,842,000 after purchasing an additional 529 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Fair Isaac by 30.8% during the fourth quarter. BNP Paribas Financial Markets now owns 20,422 shares of the technology company’s stock worth $23,771,000 after buying an additional 4,805 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 1.3 %

Shares of FICO traded down $23.13 on Friday, hitting $1,734.01. 156,278 shares of the stock traded hands, compared to its average volume of 176,942. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,818.02. The stock’s 50 day moving average is $1,650.13 and its two-hundred day moving average is $1,414.60. The firm has a market capitalization of $42.85 billion, a P/E ratio of 91.02, a P/E/G ratio of 5.57 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Research analysts forecast that Fair Isaac Co. will post 19.33 EPS for the current year.

Fair Isaac declared that its board has authorized a stock buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director James Kirsner sold 3,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total value of $3,123,000.00. Following the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,891 shares of company stock valued at $38,037,731. Insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FICO shares. Robert W. Baird increased their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wolfe Research began coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective for the company. Oppenheimer started coverage on Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 target price on the stock. Wells Fargo & Company upgraded Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Fair Isaac presently has an average rating of “Moderate Buy” and a consensus target price of $1,553.42.

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.