Fair Isaac Corporation $FICO Stock Holdings Trimmed by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp has reduced its holdings in Fair Isaac Corporation by 19.7%, now owning 2,514 shares valued at approximately $4.64 million.
• Several institutional investors have increased their stakes in Fair Isaac, with Tidal Investments LLC boosting its holdings by 692.2%, now owning over 14,000 shares worth $28.1 million.
• Fair Isaac recently reported earnings of $8.57 per share for the last quarter, exceeding analysts' expectations, and set a stock buyback program of $1 billion.

Hancock Whitney Corp decreased its stake in shares of Fair Isaac Corporation (NYSE:FICO - Free Report) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,514 shares of the technology company's stock after selling 615 shares during the period. Hancock Whitney Corp's holdings in Fair Isaac were worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Eventide Asset Management LLC grew its position in shares of Fair Isaac by 0.8% in the first quarter. Eventide Asset Management LLC now owns 7,834 shares of the technology company's stock valued at $14,446,000 after purchasing an additional 66 shares during the period. Estuary Capital Management LP purchased a new stake in shares of Fair Isaac in the first quarter valued at $20,083,000. Curi RMB Capital LLC grew its position in shares of Fair Isaac by 23.7% in the first quarter. Curi RMB Capital LLC now owns 18,555 shares of the technology company's stock valued at $34,218,000 after purchasing an additional 3,559 shares during the period. AQR Capital Management LLC grew its position in shares of Fair Isaac by 3.1% in the first quarter. AQR Capital Management LLC now owns 86,235 shares of the technology company's stock valued at $155,570,000 after purchasing an additional 2,577 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Fair Isaac by 22.1% in the first quarter. Advisors Asset Management Inc. now owns 249 shares of the technology company's stock valued at $459,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 85.75% of the company's stock.

Fair Isaac Trading Up 0.5%

Shares of FICO traded up $8.12 during midday trading on Monday, reaching $1,540.11. 299,929 shares of the company were exchanged, compared to its average volume of 273,838. The stock has a 50-day moving average price of $1,506.98 and a 200-day moving average price of $1,735.51. The company has a market cap of $36.96 billion, a price-to-earnings ratio of 60.23, a P/E/G ratio of 2.98 and a beta of 1.35. Fair Isaac Corporation has a 1-year low of $1,300.00 and a 1-year high of $2,402.51.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $8.57 EPS for the quarter, topping the consensus estimate of $7.75 by $0.82. Fair Isaac had a negative return on equity of 48.88% and a net margin of 32.80%.The business had revenue of $536.42 million for the quarter, compared to analysts' expectations of $520.40 million. During the same quarter in the previous year, the firm posted $6.25 earnings per share. The company's revenue was up 19.8% compared to the same quarter last year. Fair Isaac has set its FY 2025 guidance at 29.150-29.150 EPS. Equities research analysts anticipate that Fair Isaac Corporation will post 24.15 earnings per share for the current year.

Fair Isaac declared that its board has approved a stock buyback program on Thursday, June 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 6,010 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,767.82, for a total value of $10,624,598.20. Following the transaction, the chief executive officer owned 42,138 shares in the company, valued at approximately $74,492,399.16. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 18,031 shares of company stock valued at $29,535,700 in the last 90 days. Insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FICO shares. UBS Group lifted their price objective on Fair Isaac from $1,540.00 to $1,590.00 and gave the company a "neutral" rating in a research report on Monday. Needham & Company LLC lowered their price objective on Fair Isaac from $2,575.00 to $1,950.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Barclays lowered their price objective on Fair Isaac from $2,250.00 to $2,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 9th. Griffin Securities set a $1,800.00 target price on Fair Isaac in a report on Monday, August 18th. Finally, Wells Fargo & Company reduced their target price on Fair Isaac from $2,600.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Fair Isaac currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,098.14.

About Fair Isaac

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.