Dock Street Asset Management Inc. Reduces Position in Fair Isaac Co. (NYSE:FICO)

Dock Street Asset Management Inc. reduced its position in Fair Isaac Co. (NYSE:FICO) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,334 shares of the technology company’s stock after selling 456 shares during the period. Fair Isaac makes up 3.4% of Dock Street Asset Management Inc.’s portfolio, making the stock its 11th biggest position. Dock Street Asset Management Inc.’s holdings in Fair Isaac were worth $28,538,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP grew its holdings in shares of Fair Isaac by 2.0% in the third quarter. Heritage Family Offices LLP now owns 256 shares of the technology company’s stock worth $498,000 after purchasing an additional 5 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fair Isaac by 5.7% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 111 shares of the technology company’s stock worth $216,000 after acquiring an additional 6 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Fair Isaac by 4.0% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 155 shares of the technology company’s stock worth $301,000 after acquiring an additional 6 shares in the last quarter. Covestor Ltd raised its stake in shares of Fair Isaac by 30.0% during the third quarter. Covestor Ltd now owns 26 shares of the technology company’s stock valued at $52,000 after acquiring an additional 6 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Wall Street Analyst Weigh In

FICO has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. Jefferies Financial Group cut their price target on Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $2,650.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays raised their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac in a research report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Trading Up 1.8 %

NYSE FICO opened at $1,881.80 on Friday. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The firm’s fifty day simple moving average is $2,028.91 and its two-hundred day simple moving average is $1,957.75. The firm has a market capitalization of $45.99 billion, a P/E ratio of 92.02, a P/E/G ratio of 3.45 and a beta of 1.39.

Fair Isaac (NYSE:FICO) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 29.86% and a negative return on equity of 59.47%. As a group, sell-side analysts predict that Fair Isaac Co. will post 24.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven P. Weber sold 139 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total transaction of $273,054.38. Following the completion of the transaction, the chief financial officer now owns 2,478 shares in the company, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,589 shares of company stock valued at $31,258,963. Insiders own 3.46% of the company’s stock.

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.