Huntington National Bank Buys 31 Shares of Fair Isaac Co. (NYSE:FICO)

Huntington National Bank lifted its stake in shares of Fair Isaac Co. (NYSE:FICO) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183 shares of the technology company’s stock after buying an additional 31 shares during the quarter. Huntington National Bank’s holdings in Fair Isaac were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FICO. Quent Capital LLC lifted its stake in shares of Fair Isaac by 11.4% in the 1st quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock valued at $292,000 after purchasing an additional 24 shares during the period. Banco Santander S.A. lifted its position in Fair Isaac by 12.3% during the first quarter. Banco Santander S.A. now owns 346 shares of the technology company’s stock valued at $432,000 after buying an additional 38 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Fair Isaac by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,855,775 shares of the technology company’s stock valued at $3,568,605,000 after buying an additional 35,263 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Fair Isaac by 9.9% in the 1st quarter. Acadian Asset Management LLC now owns 21,230 shares of the technology company’s stock worth $26,513,000 after buying an additional 1,918 shares during the period. Finally, Covestor Ltd increased its stake in shares of Fair Isaac by 140.0% in the 1st quarter. Covestor Ltd now owns 36 shares of the technology company’s stock worth $46,000 after acquiring an additional 21 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FICO shares. Oppenheimer boosted their price objective on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,964.92.

Insider Activity at Fair Isaac

In related news, 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 completion of the sale, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % 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, EVP Thomas A. Bowers sold 2,680 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 5,769 shares in the company, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,890 shares of company stock worth $13,780,452 over the last quarter. Company insiders own 3.54% of the company’s stock.

Fair Isaac Stock Performance

FICO opened at $2,261.00 on Friday. The company’s 50-day simple moving average is $2,007.25 and its two-hundred day simple moving average is $1,685.50. Fair Isaac Co. has a 52-week low of $1,021.06 and a 52-week high of $2,402.51. The stock has a market capitalization of $55.06 billion, a P/E ratio of 110.56, a P/E/G ratio of 4.50 and a beta of 1.35.

Fair Isaac declared that its board has authorized a stock buyback program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.