Dock Street Asset Management Inc. Buys 94 Shares of Fair Isaac Co. (NYSE:FICO)

Dock Street Asset Management Inc. grew its stake in Fair Isaac Co. (NYSE:FICO) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,762 shares of the technology company’s stock after purchasing an additional 94 shares during the period. Fair Isaac comprises approximately 3.0% of Dock Street Asset Management Inc.’s holdings, making the stock its 13th largest position. Dock Street Asset Management Inc.’s holdings in Fair Isaac were worth $19,511,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FICO. SkyView Investment Advisors LLC purchased a new stake in shares of Fair Isaac in the second quarter worth approximately $66,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Fair Isaac in the fourth quarter worth approximately $35,000. KB Financial Partners LLC purchased a new stake in shares of Fair Isaac in the second quarter worth approximately $34,000. Headlands Technologies LLC purchased a new stake in shares of Fair Isaac in the third quarter worth approximately $42,000. Finally, Clear Street Markets LLC purchased a new position in Fair Isaac during the 1st quarter worth $34,000. 85.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

FICO has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Raymond James raised their price objective on Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group raised their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Needham & Company LLC raised their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Redburn Atlantic started coverage on Fair Isaac in a report on Tuesday. They issued a “neutral” rating and a $1,113.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,180.45.

Fair Isaac Stock Up 2.7 %

Shares of Fair Isaac stock traded up $31.13 during trading on Thursday, reaching $1,184.41. The company’s stock had a trading volume of 96,756 shares, compared to its average volume of 164,140. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 66.85, a P/E/G ratio of 2.55 and a beta of 1.21. Fair Isaac Co. has a 1-year low of $686.08 and a 1-year high of $1,349.75. The company has a 50-day simple moving average of $1,257.07 and a two-hundred day simple moving average of $1,136.65.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The firm had revenue of $382.06 million during the quarter, compared to analysts’ expectations of $386.55 million. As a group, analysts anticipate that Fair Isaac Co. will post 19.95 earnings per share for the current year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the sale, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.54% of the stock is currently owned by insiders.

Fair Isaac 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.