Huntington National Bank Raises Holdings in Fair Isaac Co. (NYSE:FICO)

Huntington National Bank increased its position in Fair Isaac Co. (NYSE:FICO) by 20.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 183 shares of the technology company’s stock after acquiring an additional 31 shares during the quarter. Huntington National Bank’s holdings in Fair Isaac were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FICO. EntryPoint Capital LLC purchased a new stake in shares of Fair Isaac during the first quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of Fair Isaac during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. purchased a new stake in Fair Isaac during the 1st quarter worth about $26,000. Tortoise Investment Management LLC boosted its stake in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock worth $30,000 after purchasing an additional 9 shares during the period. Finally, Family Firm Inc. purchased a new position in Fair Isaac during the 2nd quarter valued at about $34,000. 85.75% of the stock is currently owned by institutional investors.

Fair Isaac Price Performance

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

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

Analyst Ratings Changes

A number of research firms have recently commented on FICO. Wells Fargo & Company raised their price objective on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2,040.00 price objective on shares of Fair Isaac in a research note on Thursday, November 7th. Finally, UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,964.92.

Insider Activity

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 transaction of $6,266,402.80. Following the completion of the sale, the executive vice president now directly owns 5,769 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the transaction, the director now owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,890 shares of company stock valued at $13,780,452. Corporate insiders own 3.54% of the company’s stock.

Fair Isaac 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.