Principal Financial Group Inc. Raises Stake in Fair Isaac Co. (NYSE:FICO)

Principal Financial Group Inc. increased its holdings in Fair Isaac Co. (NYSE:FICO - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,940 shares of the technology company's stock after buying an additional 34,296 shares during the quarter. Principal Financial Group Inc. owned about 1.10% of Fair Isaac worth $318,869,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FICO. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Fair Isaac in the fourth quarter worth about $35,000. First Horizon Advisors Inc. grew its stake in shares of Fair Isaac by 28.1% during the 4th quarter. First Horizon Advisors Inc. now owns 41 shares of the technology company's stock worth $48,000 after purchasing an additional 9 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Fair Isaac during the 4th quarter worth approximately $50,000. Headlands Technologies LLC purchased a new position in shares of Fair Isaac during the 3rd quarter valued at approximately $42,000. Finally, Assetmark Inc. acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $44,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the completion of the sale, the chief executive officer now owns 12,638 shares in the company, valued at approximately $14,414,270.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 24,000 shares of company stock valued at $29,011,120 over the last 90 days. 3.54% of the stock is currently owned by corporate insiders.

Fair Isaac Price Performance

NYSE FICO traded up $41.83 during mid-day trading on Friday, hitting $1,328.61. The stock had a trading volume of 436,617 shares, compared to its average volume of 209,506. The firm's 50 day moving average is $1,224.98 and its 200 day moving average is $1,175.09. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 3.58 and a beta of 1.24. Fair Isaac Co. has a twelve month low of $739.61 and a twelve month high of $1,358.21.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FICO. Jefferies Financial Group lifted their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. Raymond James upped their price target on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Barclays raised their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, January 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a "neutral" rating and a $1,113.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Fair Isaac currently has an average rating of "Moderate Buy" and a consensus target price of $1,224.40.

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.