Fair Isaac Co. (NYSE:FICO) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,582 shares of the technology company's stock after buying an additional 1,977 shares during the quarter. Principal Financial Group Inc. owned about 1.51% of Fair Isaac worth $724,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Fair Isaac during the first quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC increased its holdings in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company's stock valued at $30,000 after purchasing an additional 9 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Fair Isaac in the 2nd quarter valued at $34,000. Finally, Covestor Ltd boosted its holdings in Fair Isaac by 140.0% during the first quarter. Covestor Ltd now owns 36 shares of the technology company's stock worth $46,000 after buying an additional 21 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted 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 report on Thursday. UBS Group began coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a "neutral" rating and a $2,100.00 target price for the company. Oppenheimer boosted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of Fair Isaac from $2,130.00 to $2,374.00 and gave the stock a "buy" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,964.92.

Fair Isaac Trading Up 4.1 %

Fair Isaac stock traded up $85.47 during midday trading on Thursday, hitting $2,176.10. 318,096 shares of the stock were exchanged, compared to its average volume of 170,176. The stock has a market capitalization of $53.36 billion, a price-to-earnings ratio of 113.75, a PEG ratio of 3.68 and a beta of 1.35. The stock's 50-day simple moving average is $1,926.47 and its 200 day simple moving average is $1,629.35. Fair Isaac Co. has a fifty-two week low of $900.01 and a fifty-two week high of $2,188.93.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $5.34 EPS for the quarter, missing the consensus estimate of $5.44 by ($0.10). The firm had revenue of $453.81 million for the quarter, compared to analysts' expectations of $454.78 million. Fair Isaac had a net margin of 28.94% and a negative return on equity of 60.67%. Equities analysts anticipate that Fair Isaac Co. will post 19.33 EPS for the current fiscal year.

Fair Isaac announced that its board has authorized a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Insider Activity

In related news, CFO Steven P. Weber sold 1,800 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now directly owns 575 shares of the company's stock, valued at approximately $997,625. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Thomas A. Bowers sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares of the company's stock, valued at approximately $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven P. Weber sold 1,800 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares in the company, valued at approximately $997,625. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,761 shares of company stock valued at $15,200,560 in the last quarter. Insiders own 3.54% of the company's stock.

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.