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

Ycg LLC grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 0.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,276 shares of the technology company’s stock after acquiring an additional 36 shares during the period. Fair Isaac comprises 1.7% of Ycg LLC’s portfolio, making the stock its 24th biggest holding. Ycg LLC’s holdings in Fair Isaac were worth $21,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FICO. International Assets Investment Management LLC grew its position 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 valued at $1,046,304,000 after acquiring an additional 538,071 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 buying an additional 174,397 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock valued at $142,413,000 after buying an additional 67,931 shares in the last quarter. Westwind Capital boosted its holdings in shares of 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 shares of Fair Isaac in the 1st quarter worth about $69,478,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Stock Performance

Shares of FICO traded up $156.19 during mid-day trading on Friday, hitting $2,332.29. 275,985 shares of the stock were exchanged, compared to its average volume of 154,391. The firm has a 50-day moving average of $1,947.74 and a two-hundred day moving average of $1,644.51. Fair Isaac Co. has a 52-week low of $900.01 and a 52-week high of $2,351.98. The company has a market cap of $56.79 billion, a PE ratio of 114.05, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird boosted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday. Needham & Company LLC boosted their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer upped 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 research report on Tuesday, October 8th. Finally, Barclays upped their price target on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,964.92.

Insider Activity at Fair Isaac

In related news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joanna Rees sold 3,961 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by insiders.

About Fair Isaac

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.