Hancock Whitney Corp Sells 53 Shares of Fair Isaac Co. (NYSE:FICO)

Hancock Whitney Corp trimmed its stake in Fair Isaac Co. (NYSE:FICO) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,883 shares of the technology company’s stock after selling 53 shares during the period. Hancock Whitney Corp’s holdings in Fair Isaac were worth $5,780,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Fair Isaac in the first quarter worth approximately $25,000. Tortoise Investment Management LLC increased its position in shares of Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Fair Isaac in the first quarter worth approximately $26,000. Family Firm Inc. bought a new position in shares of Fair Isaac in the second quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Fair Isaac in the first quarter worth approximately $31,000. 85.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FICO has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird increased their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wolfe Research started coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target for the company. Finally, Oppenheimer started coverage on shares of Fair Isaac in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $1,967.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,582.58.

Insider Buying and Selling

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Kirsner sold 3,000 shares of Fair Isaac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total value of $5,091,180.00. Following the sale, the director now directly owns 13,002 shares in the company, valued at $22,065,174.12. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock valued at $26,291,370 over the last ninety days. 3.54% of the stock is owned by insiders.

Fair Isaac Price Performance

NYSE FICO opened at $1,934.63 on Friday. The stock has a market capitalization of $47.81 billion, a PE ratio of 101.56, a PEG ratio of 4.41 and a beta of 1.34. Fair Isaac Co. has a 1 year low of $811.99 and a 1 year high of $1,951.40. The business’s 50-day moving average is $1,715.29 and its 200 day moving average is $1,454.48.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to the consensus estimate of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. As a group, equities research analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac declared that its board has initiated a stock buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.