Dock Street Asset Management Inc. Has $27.44 Million Stock Holdings in Fair Isaac Corporation $FICO

Dock Street Asset Management Inc. lifted its stake in Fair Isaac Corporation (NYSE:FICO) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,009 shares of the technology company’s stock after acquiring an additional 115 shares during the quarter. Fair Isaac makes up 2.6% of Dock Street Asset Management Inc.’s portfolio, making the stock its 15th biggest holding. Dock Street Asset Management Inc.’s holdings in Fair Isaac were worth $27,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,962,434 shares of the technology company’s stock worth $5,463,202,000 after acquiring an additional 58,740 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fair Isaac by 0.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 823,574 shares of the technology company’s stock worth $1,518,803,000 after acquiring an additional 3,677 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 7.3% in the first quarter. Principal Financial Group Inc. now owns 391,823 shares of the technology company’s stock worth $722,585,000 after acquiring an additional 26,811 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Fair Isaac by 4.7% in the first quarter. American Century Companies Inc. now owns 386,618 shares of the technology company’s stock worth $712,985,000 after acquiring an additional 17,498 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Fair Isaac by 29.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 316,780 shares of the technology company’s stock worth $584,193,000 after acquiring an additional 72,518 shares during the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Fair Isaac from $1,590.00 to $1,640.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Zacks Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Raymond James Financial decreased their price objective on shares of Fair Isaac from $2,230.00 to $1,800.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Fair Isaac in a report on Thursday, July 17th. Finally, Barclays upped their price objective on shares of Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $2,137.43.

Fair Isaac Price Performance

FICO stock opened at $1,647.35 on Wednesday. Fair Isaac Corporation has a 52-week low of $1,300.00 and a 52-week high of $2,402.51. The company has a 50-day moving average of $1,516.53 and a two-hundred day moving average of $1,694.93. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 64.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.35.

Fair Isaac (NYSE:FICO) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.75 by $0.82. Fair Isaac had a net margin of 32.80% and a negative return on equity of 48.88%. The company had revenue of $536.42 million during the quarter, compared to analysts’ expectations of $520.40 million. During the same period in the prior year, the company earned $6.25 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities analysts expect that Fair Isaac Corporation will post 24.15 EPS for the current fiscal year.

Fair Isaac declared that its Board of Directors has approved a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Fair Isaac

In other news, CEO William J. Lansing sold 6,011 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $1,537.50, for a total transaction of $9,241,912.50. Following the completion of the transaction, the chief executive officer owned 42,138 shares of the company’s stock, valued at approximately $64,787,175. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.46% of the company’s stock.

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.