Hancock Whitney Corp Sells 231 Shares of Fair Isaac Co. (NYSE:FICO)

Hancock Whitney Corp reduced its stake in Fair Isaac Co. (NYSE:FICO - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,129 shares of the technology company's stock after selling 231 shares during the period. Hancock Whitney Corp's holdings in Fair Isaac were worth $6,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FICO. Donoghue Forlines LLC acquired a new stake in Fair Isaac during the 4th quarter worth approximately $1,935,000. Czech National Bank raised its position in Fair Isaac by 5.7% during the 4th quarter. Czech National Bank now owns 5,280 shares of the technology company's stock worth $10,512,000 after purchasing an additional 286 shares during the last quarter. Barclays PLC grew its position in shares of Fair Isaac by 24.8% in the 3rd quarter. Barclays PLC now owns 60,521 shares of the technology company's stock valued at $117,624,000 after buying an additional 12,038 shares during the last quarter. Brighton Jones LLC increased its stake 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 buying an additional 302 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Fair Isaac in the fourth quarter worth approximately $394,000. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

Shares of Fair Isaac stock traded up $10.76 during mid-day trading on Tuesday, hitting $1,954.03. 68,953 shares of the stock were exchanged, compared to its average volume of 204,149. Fair Isaac Co. has a 12 month low of $1,131.03 and a 12 month high of $2,402.51. The company has a 50-day simple moving average of $1,836.28 and a 200 day simple moving average of $1,978.51. The company has a market capitalization of $47.71 billion, a P/E ratio of 89.65, a P/E/G ratio of 3.27 and a beta of 1.37.

Fair Isaac (NYSE:FICO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Analysts predict that Fair Isaac Co. will post 24.15 EPS for the current year.

Insider Buying and Selling

In other news, CEO William J. Lansing sold 6,010 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $1,804.23, for a total transaction of $10,843,422.30. Following the completion of the sale, the chief executive officer now owns 42,138 shares in the company, valued at $76,026,643.74. This trade represents a 12.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 13,058 shares of company stock worth $23,119,030. Insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on FICO. Barclays lowered their price target on shares of Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Bank of America began coverage on shares of Fair Isaac in a research note on Thursday, April 10th. They set a "buy" rating and a $2,800.00 target price for the company. Oppenheimer cut their price target on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on Fair Isaac from $2,275.00 to $2,175.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird cut their target price on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fair Isaac has an average rating of "Moderate Buy" and an average target price of $2,276.25.

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.