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

Key Points

• Ycg LLC increased its stake in Fair Isaac Corporation by 60.7%, owning about 3.8% of the company's stock, valued at approximately $48 million.
• Fair Isaac reported earnings of $8.57 EPS for the last quarter, exceeding estimates, with revenue growth of 19.8% year-over-year, reaching $536.42 million.
• Institutional ownership for Fair Isaac is high, with approximately 85.75% of its stock held by institutional investors and hedge funds.

YCG LLC increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,116 shares of the technology company's stock after acquiring an additional 9,865 shares during the quarter. Fair Isaac makes up about 3.8% of YCG LLC's portfolio, making the stock its 12th biggest holding. YCG LLC owned approximately 0.11% of Fair Isaac worth $48,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FICO. N.E.W. Advisory Services LLC acquired a new position in shares of Fair Isaac during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. raised its holdings in Fair Isaac by 41.7% in the 1st quarter. Meeder Asset Management Inc. now owns 17 shares of the technology company's stock valued at $31,000 after buying an additional 5 shares during the period. Mechanics Financial Corp purchased a new stake in Fair Isaac in the 1st quarter valued at about $46,000. Colonial Trust Co SC raised its holdings in Fair Isaac by 71.4% in the 4th quarter. Colonial Trust Co SC now owns 24 shares of the technology company's stock valued at $48,000 after buying an additional 10 shares during the period. Finally, Hollencrest Capital Management raised its holdings in Fair Isaac by 766.7% in the 1st quarter. Hollencrest Capital Management now owns 26 shares of the technology company's stock valued at $48,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 85.75% of the company's stock.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $16.96 on Thursday, reaching $1,318.33. 461,095 shares of the company were exchanged, compared to its average volume of 340,896. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51. The company has a market cap of $31.64 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28. The stock's 50 day moving average price is $1,623.48 and its 200-day moving average price is $1,778.11.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $536.42 million during the quarter, compared to the consensus estimate of $520.40 million. During the same period in the previous year, the company posted $6.25 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FICO shares. Baird R W upgraded shares of Fair Isaac from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 28th. BMO Capital Markets upgraded shares of Fair Isaac to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and reduced their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Barclays reduced their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Finally, Raymond James Financial cut their price target on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fair Isaac currently has an average rating of "Buy" and a consensus price target of $2,163.14.

Insider Transactions at Fair Isaac

In related news, CFO Steven P. Weber sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares of the company's stock, valued at $3,236,621.50. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Lansing sold 6,010 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the completion of the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. This trade represents a 12.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,021 shares of company stock valued at $22,247,892. Corporate insiders own 3.46% of the company's stock.

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.