Principal Financial Group Inc. Lowers Holdings in Fair Isaac Co. (NYSE:FICO)

Principal Financial Group Inc. cut its stake in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 365,012 shares of the technology company's stock after selling 7,570 shares during the quarter. Principal Financial Group Inc. owned approximately 1.49% of Fair Isaac worth $726,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FICO. Capital Performance Advisors LLP acquired a new position in Fair Isaac in the third quarter valued at approximately $25,000. True Wealth Design LLC boosted its holdings in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after purchasing an additional 18 shares in the last quarter. Berbice Capital Management LLC acquired a new position in Fair Isaac in the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. boosted its holdings in Fair Isaac by 37.5% in the third quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Fair Isaac by 500.0% in the fourth quarter. Versant Capital Management Inc now owns 24 shares of the technology company's stock valued at $48,000 after purchasing an additional 20 shares in the last quarter. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Trading Down 1.7 %

Shares of Fair Isaac stock traded down $30.29 during trading hours on Thursday, hitting $1,724.97. 149,357 shares of the company were exchanged, compared to its average volume of 225,923. Fair Isaac Co. has a 1 year low of $1,105.65 and a 1 year high of $2,402.51. The business has a 50-day moving average of $1,928.65 and a 200-day moving average of $1,971.56. The stock has a market capitalization of $42.12 billion, a price-to-earnings ratio of 79.16, a P/E/G ratio of 3.40 and a beta of 1.39.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on FICO. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $2,040.00 price target on shares of Fair Isaac in a report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a report on Friday, December 20th. They issued a "neutral" rating and a $2,150.00 price objective for the company. UBS Group decreased their price objective on Fair Isaac from $2,250.00 to $2,100.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Robert W. Baird decreased their price objective on Fair Isaac from $1,975.00 to $1,775.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on Fair Isaac from $2,650.00 to $2,600.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $2,078.15.

Insiders Place Their Bets

In other news, EVP James M. Wehmann sold 3,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2,195.19, for a total value of $6,585,570.00. Following the completion of the transaction, the executive vice president now owns 51,911 shares in the company, valued at $113,954,508.09. This trade represents a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares of the company's stock, valued at approximately $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,170 shares of company stock worth $27,132,248. 3.46% of the stock is owned by corporate insiders.

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.