Dock Street Asset Management Inc. Sells 464 Shares of Fair Isaac Corporation $FICO

Dock Street Asset Management Inc. cut its stake in shares of Fair Isaac Corporation (NYSE:FICO) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,545 shares of the technology company’s stock after selling 464 shares during the quarter. Fair Isaac accounts for about 1.9% of Dock Street Asset Management Inc.’s holdings, making the stock its 19th largest position. Dock Street Asset Management Inc.’s holdings in Fair Isaac were worth $21,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FICO. Westside Investment Management Inc. purchased a new position in shares of Fair Isaac during the 2nd quarter valued at about $26,000. ORG Partners LLC purchased a new stake in Fair Isaac in the 2nd quarter worth approximately $27,000. Hilltop National Bank bought a new stake in Fair Isaac during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in Fair Isaac during the second quarter valued at approximately $31,000. Finally, Ransom Advisory Ltd bought a new position in shares of Fair Isaac in the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Oppenheimer downgraded shares of Fair Isaac from an “outperform” rating to a “market perform” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. raised their price target on Fair Isaac from $1,750.00 to $1,825.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. BMO Capital Markets lowered their price objective on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Barclays increased their target price on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, UBS Group boosted their price target on Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,076.77.

Insider Activity at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 4,942 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $1,631.34, for a total transaction of $8,062,082.28. Following the completion of the transaction, the chief executive officer owned 43,207 shares in the company, valued at $70,485,307.38. This trade represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eva Manolis sold 521 shares of Fair Isaac stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total transaction of $951,257.43. Following the completion of the transaction, the director directly owned 344 shares of the company’s stock, valued at $628,085.52. The trade was a 60.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,358 shares of company stock valued at $17,517,343. 3.46% of the stock is owned by corporate insiders.

Fair Isaac Trading Up 0.4%

Shares of FICO stock opened at $1,586.20 on Friday. The stock has a market capitalization of $37.61 billion, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. Fair Isaac Corporation has a 12-month low of $1,300.00 and a 12-month high of $2,217.60. The stock’s 50-day moving average price is $1,735.86 and its 200-day moving average price is $1,627.02.

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

Fair Isaac 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.