Fair Isaac Co. (NYSE:FICO) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 29.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,281 shares of the technology company’s stock after selling 3,793 shares during the quarter. Hancock Whitney Corp’s holdings in Fair Isaac were worth $2,521,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its position in shares of Fair Isaac by 8.9% during the third quarter. TIAA CREF Investment Management LLC now owns 80,252 shares of the technology company’s stock valued at $18,342,000 after acquiring an additional 6,552 shares during the last quarter. Vanguard Group Inc increased its position in shares of Fair Isaac by 1.3% during the third quarter. Vanguard Group Inc now owns 2,590,921 shares of the technology company’s stock valued at $592,154,000 after acquiring an additional 33,669 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Fair Isaac by 40.2% in the fourth quarter. IFP Advisors Inc now owns 265 shares of the technology company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Fair Isaac by 31.2% in the fourth quarter. Rhumbline Advisers now owns 87,090 shares of the technology company’s stock valued at $16,286,000 after purchasing an additional 20,727 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Fair Isaac by 1.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,362 shares of the technology company’s stock valued at $6,052,000 after purchasing an additional 551 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.

Shares of FICO stock traded down $2.72 during trading on Wednesday, reaching $307.19. The company’s stock had a trading volume of 2,846 shares, compared to its average volume of 219,536. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $9.08 billion, a P/E ratio of 70.55 and a beta of 1.27. Fair Isaac Co. has a 1-year low of $170.26 and a 1-year high of $320.39.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The business had revenue of $278.20 million during the quarter, compared to analyst estimates of $281.17 million. Fair Isaac had a net margin of 14.47% and a return on equity of 51.46%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. On average, research analysts forecast that Fair Isaac Co. will post 4.92 EPS for the current fiscal year.

In other Fair Isaac news, Director David A. Rey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $282.82, for a total transaction of $2,121,150.00. Following the completion of the transaction, the director now owns 7,500 shares in the company, valued at approximately $2,121,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Lansing sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $302.11, for a total transaction of $4,833,760.00. Following the transaction, the insider now owns 282,557 shares of the company’s stock, valued at approximately $85,363,295.27. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $313.00 price objective for the company in a report on Friday, May 3rd. Wells Fargo & Co lifted their price objective on shares of Fair Isaac from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Barclays lifted their price objective on shares of Fair Isaac from $240.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, March 11th.

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Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

See Also: Cost of Capital

Institutional Ownership by Quarter for Fair Isaac (NYSE:FICO)

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