Dock Street Asset Management Inc. Lowers Stock Holdings in Fair Isaac Corporation $FICO

Dock Street Asset Management Inc. reduced its stake in Fair Isaac Corporation (NYSE:FICO) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,545 shares of the technology company’s stock after selling 464 shares during the quarter. Fair Isaac comprises approximately 1.9% of Dock Street Asset Management Inc.’s holdings, making the stock its 19th largest position. Dock Street Asset Management Inc. owned 0.06% of Fair Isaac worth $21,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FICO. Westside Investment Management Inc. purchased a new position in Fair Isaac during the second quarter valued at $26,000. ORG Partners LLC bought a new position in shares of Fair Isaac during the second quarter valued at $27,000. Hilltop National Bank purchased a new position in shares of Fair Isaac in the 2nd quarter worth about $27,000. Ransom Advisory Ltd purchased a new position in shares of Fair Isaac in the 3rd quarter worth about $30,000. Finally, Pinnacle Bancorp Inc. bought a new position in Fair Isaac in the 2nd quarter worth about $31,000. Institutional investors own 85.75% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eva Manolis sold 521 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 344 shares of the company’s stock, valued at approximately $628,085.52. This trade represents a 60.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 of the company’s stock, valued at $5,075,240. This trade represents a 33.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 10,358 shares of company stock valued at $17,517,343. Insiders own 3.46% of the company’s stock.

Fair Isaac Trading Up 0.4%

NYSE:FICO opened at $1,586.20 on Friday. The company has a market cap of $37.61 billion, a PE ratio of 59.74, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The company has a 50 day simple moving average of $1,735.86 and a two-hundred day simple moving average of $1,627.02. Fair Isaac Corporation has a 12 month low of $1,300.00 and a 12 month high of $2,217.60.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $7.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $515.75 million for the quarter, compared to the consensus estimate of $512.38 million. During the same period last year, the business posted $6.54 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts forecast that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,300.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 price objective on shares of Fair Isaac in a research report on Thursday, October 2nd. BMO Capital Markets reduced their target price on Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Oppenheimer cut Fair Isaac from an “outperform” rating to a “market perform” rating in a research note on Monday, October 13th. Two equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,076.77.

About Fair Isaac

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.