Hancock Whitney Corp Sells 523 Shares of Fair Isaac Co. (NYSE:FICO)

Hancock Whitney Corp lowered its stake in Fair Isaac Co. (NYSE:FICO) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,360 shares of the technology company’s stock after selling 523 shares during the quarter. Hancock Whitney Corp’s holdings in Fair Isaac were worth $6,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Fair Isaac in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC acquired a new position in Fair Isaac during the first quarter worth approximately $25,000. Tortoise Investment Management LLC raised its stake in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac in the first quarter valued at approximately $26,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock worth $43,000 after acquiring an additional 6 shares during the period. Institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other news, EVP Thomas A. Bowers sold 2,680 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at approximately $13,489,133.49. This represents a 31.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction on 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 transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,890 shares of company stock worth $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac Price Performance

Shares of NYSE FICO opened at $2,355.35 on Monday. The business has a fifty day moving average price of $2,055.62 and a two-hundred day moving average price of $1,727.82. The stock has a market capitalization of $57.35 billion, a PE ratio of 115.18, a P/E/G ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a fifty-two week low of $1,061.96 and a fifty-two week high of $2,402.51.

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

Wall Street Analyst Weigh In

FICO has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Oppenheimer increased their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird increased their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Fair Isaac Company 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.