Ycg LLC Boosts Stock Holdings in Fair Isaac Corporation $FICO

Ycg LLC grew its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 42.8% in the 3rd quarter, Holdings Channel reports. The firm owned 44,418 shares of the technology company’s stock after acquiring an additional 13,310 shares during the quarter. Fair Isaac comprises approximately 5.0% of Ycg LLC’s holdings, making the stock its 5th biggest position. Ycg LLC’s holdings in Fair Isaac were worth $66,473,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in Fair Isaac during the 2nd quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in Fair Isaac in the 2nd quarter valued at about $27,000. Hilltop National Bank acquired a new position in Fair Isaac during the 2nd quarter valued at about $27,000. Ransom Advisory Ltd bought a new position in Fair Isaac in the 3rd quarter worth about $30,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Fair Isaac by 66.7% in the third quarter. Meeder Asset Management Inc. now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 8 shares during the period. Institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Down 0.7%

NYSE:FICO opened at $1,570.29 on Friday. The business’s 50-day moving average price is $1,730.16 and its 200 day moving average price is $1,616.72. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The firm has a market cap of $37.31 billion, a P/E ratio of 59.14, a PEG ratio of 1.69 and a beta of 1.30.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.36 by $0.38. The company had revenue of $515.75 million for the quarter, compared to analysts’ expectations of $512.38 million. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.54 earnings per share. Sell-side analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current year.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the transaction, the director directly owned 344 shares in the company, valued at $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,426 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total transaction of $2,581,060.00. Following the sale, the chief financial officer owned 2,804 shares in the company, valued at $5,075,240. This represents a 33.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,347 shares of company stock valued at $7,691,229. 3.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FICO. Robert W. Baird boosted their price objective on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,950.00 target price on shares of Fair Isaac in a research note on Thursday, October 2nd. BMO Capital Markets decreased their price target on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company lifted their price objective on shares of Fair Isaac from $2,400.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Seaport Res Ptn upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,092.15.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.