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

Hancock Whitney Corp lessened its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,883 shares of the technology company’s stock after selling 53 shares during the quarter. Hancock Whitney Corp’s holdings in Fair Isaac were worth $5,780,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Fair Isaac by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,627 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 71 shares during the last quarter. Wells Fargo & Company MN raised its position in Fair Isaac by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 70,815 shares of the technology company’s stock valued at $82,430,000 after buying an additional 2,036 shares during the last quarter. D.A. Davidson & CO. raised its position in Fair Isaac by 35.5% in the 4th quarter. D.A. Davidson & CO. now owns 466 shares of the technology company’s stock valued at $542,000 after buying an additional 122 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Fair Isaac by 150.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,324 shares of the technology company’s stock valued at $15,509,000 after acquiring an additional 7,998 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in Fair Isaac by 119.6% during the 4th quarter. Assetmark Inc. now owns 112 shares of the technology company’s stock worth $130,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Insider Activity at Fair Isaac

In other Fair Isaac news, Director Joanna Rees sold 3,961 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,750.00, for a total value of $6,931,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joanna Rees sold 3,961 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total value of $6,931,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,261 shares of company stock worth $26,291,370. 3.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FICO. Wells Fargo & Company raised shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada boosted their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on Fair Isaac from $1,264.00 to $1,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Barclays boosted their price objective on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Needham & Company LLC raised their target price on Fair Isaac from $1,500.00 to $1,850.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average price target of $1,582.58.

Fair Isaac Stock Up 0.3 %

Shares of NYSE:FICO opened at $1,934.63 on Friday. The firm has a market capitalization of $47.81 billion, a PE ratio of 101.56, a P/E/G ratio of 4.41 and a beta of 1.34. The company has a 50-day moving average price of $1,715.29 and a two-hundred day moving average price of $1,454.48. Fair Isaac Co. has a twelve month low of $811.99 and a twelve month high of $1,951.40.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million during the quarter, compared to analysts’ expectations of $448.53 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current fiscal year.

Fair Isaac announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is 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.