Fair Isaac Co. (NYSE:FICO) Shares Purchased by Ycg LLC

Ycg LLC raised its stake in Fair Isaac Co. (NYSE:FICO) by 1,361.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,240 shares of the technology company’s stock after buying an additional 10,471 shares during the quarter. Fair Isaac comprises about 1.4% of Ycg LLC’s portfolio, making the stock its 29th biggest holding. Ycg LLC’s holdings in Fair Isaac were worth $16,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Commerce Bank increased its holdings in Fair Isaac by 704.8% in the 1st quarter. Commerce Bank now owns 6,084 shares of the technology company’s stock valued at $7,603,000 after purchasing an additional 5,328 shares during the last quarter. Seven Eight Capital LP grew its stake in shares of Fair Isaac by 140.0% in the fourth quarter. Seven Eight Capital LP now owns 1,440 shares of the technology company’s stock valued at $1,676,000 after buying an additional 840 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Fair Isaac by 44.5% in the 1st quarter. BNP Paribas Financial Markets now owns 29,516 shares of the technology company’s stock valued at $36,883,000 after buying an additional 9,094 shares during the period. Vanguard Group Inc. lifted its stake in Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock worth $3,568,605,000 after acquiring an additional 35,263 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Fair Isaac by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 861,283 shares of the technology company’s stock valued at $1,076,268,000 after acquiring an additional 174,397 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FICO. Oppenheimer assumed coverage on shares of Fair Isaac in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target on the stock. Barclays increased their target price on shares of Fair Isaac from $1,500.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research note on Tuesday, August 13th. Wolfe Research started coverage on Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price objective on the stock. Finally, Needham & Company LLC lifted their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,553.42.

Insider Buying and Selling

In other Fair Isaac news, Director James Kirsner sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the completion of the transaction, the director now owns 13,002 shares in the company, valued at $22,065,174.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Richard Deal sold 13,591 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,374.30, for a total transaction of $18,678,111.30. Following the completion of the sale, the executive vice president now owns 49,314 shares in the company, valued at approximately $67,772,230.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Kirsner sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the transaction, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders have sold 24,891 shares of company stock worth $38,037,731 in the last ninety days. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Price Performance

Shares of NYSE FICO traded down $23.13 during midday trading on Friday, hitting $1,734.01. 156,278 shares of the company’s stock were exchanged, compared to its average volume of 176,942. The firm’s fifty day simple moving average is $1,650.13 and its 200-day simple moving average is $1,414.60. The company has a market cap of $42.85 billion, a PE ratio of 91.02, a P/E/G ratio of 5.57 and a beta of 1.34. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,818.02.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data 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 company had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac declared that its board has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are typically 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.