Fair Isaac Corporation (NYSE:FICO) Shares Purchased by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. increased its position in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,894 shares of the technology company's stock after purchasing an additional 560 shares during the period. Fair Isaac accounts for about 3.2% of Dock Street Asset Management Inc.'s holdings, making the stock its 11th biggest holding. Dock Street Asset Management Inc. owned approximately 0.06% of Fair Isaac worth $27,467,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Nebula Research & Development LLC acquired a new stake in shares of Fair Isaac during the fourth quarter valued at about $2,540,000. CWA Asset Management Group LLC increased its position in shares of Fair Isaac by 15.1% during the first quarter. CWA Asset Management Group LLC now owns 145 shares of the technology company's stock valued at $267,000 after acquiring an additional 19 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Fair Isaac by 4.5% in the first quarter. QRG Capital Management Inc. now owns 395 shares of the technology company's stock valued at $728,000 after purchasing an additional 17 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company's stock valued at $958,000 after purchasing an additional 302 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Fair Isaac by 55.6% in the first quarter. GAMMA Investing LLC now owns 140 shares of the technology company's stock valued at $258,000 after purchasing an additional 50 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FICO. Barclays dropped their price objective on shares of Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird upgraded shares of Fair Isaac from a "neutral" rating to an "outperform" rating and dropped their price objective for the company from $2,021.00 to $1,900.00 in a report on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating on shares of Fair Isaac in a report on Wednesday, May 21st. Wells Fargo & Company decreased their price target on shares of Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research note on Friday, June 20th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2,263.29.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 6,010 shares of Fair Isaac stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer directly owned 42,138 shares of the company's stock, valued at $74,492,399.16. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven P. Weber sold 1,000 shares of Fair Isaac stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,738.25, for a total transaction of $1,738,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,862 shares in the company, valued at $3,236,621.50. The trade was a 34.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,906 shares of company stock valued at $45,222,913. Insiders own 3.46% of the company's stock.

Fair Isaac Trading Down 2.8%

Shares of NYSE:FICO opened at $1,540.70 on Friday. The company has a market capitalization of $37.50 billion, a PE ratio of 66.35, a P/E/G ratio of 2.47 and a beta of 1.28. Fair Isaac Corporation has a twelve month low of $1,484.29 and a twelve month high of $2,402.52. The firm has a 50 day simple moving average of $1,845.09 and a 200-day simple moving average of $1,859.90.

Fair Isaac (NYSE:FICO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 earnings per share for the quarter, topping the consensus estimate of $7.33 by $0.48. The business had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. Fair Isaac had a net margin of 31.36% and a negative return on equity of 51.41%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.14 EPS. As a group, equities research analysts predict 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 repurchase plan on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.

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