Yeomans Consulting Group Inc. Takes $544,000 Position in Fair Isaac Co. (NYSE:FICO)

Yeomans Consulting Group Inc. bought a new position in Fair Isaac Co. (NYSE:FICO) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 280 shares of the technology company’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FICO. Baker Tilly Wealth Management LLC raised its stake in shares of Fair Isaac by 32.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 223 shares of the technology company’s stock worth $433,000 after buying an additional 55 shares during the period. Tributary Capital Management LLC purchased a new stake in Fair Isaac in the 3rd quarter worth approximately $233,000. Cavalier Investments LLC raised its stake in Fair Isaac by 4.6% during the 3rd quarter. Cavalier Investments LLC now owns 1,582 shares of the technology company’s stock worth $3,075,000 after acquiring an additional 69 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Fair Isaac by 82.6% during the third quarter. J.W. Cole Advisors Inc. now owns 314 shares of the technology company’s stock valued at $610,000 after purchasing an additional 142 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Fair Isaac in the third quarter worth approximately $202,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Trading Up 0.2 %

Shares of Fair Isaac stock traded up $3.10 on Monday, hitting $2,003.07. 16,521 shares of the company traded hands, compared to its average volume of 170,472. Fair Isaac Co. has a 52 week low of $831.55 and a 52 week high of $2,103.70. The company has a market cap of $49.12 billion, a PE ratio of 105.15, a PEG ratio of 3.75 and a beta of 1.35. The stock’s 50 day moving average price is $1,882.25 and its 200-day moving average price is $1,584.66.

Fair Isaac (NYSE:FICO) last issued its 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). Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. The firm had revenue of $447.85 million for the quarter, compared to the consensus estimate of $448.53 million. As a group, research analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director James Kirsner sold 3,000 shares of the company’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 completion of the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the 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 completion of the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred 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 completion of the sale, the director now owns 13,002 shares of the company’s stock, valued at $22,065,174.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FICO. Oppenheimer raised their price objective 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. Needham & Company LLC boosted their price objective on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on Fair Isaac from $1,879.00 to $2,130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

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.