Principal Securities Inc. Increases Stock Position in Fair Isaac Co. (NYSE:FICO)

Principal Securities Inc. raised its stake in shares of Fair Isaac Co. (NYSE:FICO) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363 shares of the technology company’s stock after purchasing an additional 9 shares during the period. Principal Securities Inc.’s holdings in Fair Isaac were worth $723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First National Bank of Omaha purchased a new position in shares of Fair Isaac in the third quarter worth about $1,576,000. National Bank of Canada FI grew its holdings in shares of Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after purchasing an additional 6,768 shares in the last quarter. Donoghue Forlines LLC acquired a new position in shares of Fair Isaac in the fourth quarter valued at approximately $1,935,000. BNP Paribas acquired a new position in shares of Fair Isaac in the third quarter valued at approximately $445,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Fair Isaac by 86.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 352 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fair Isaac

In other news, EVP James M. Wehmann sold 3,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total transaction of $8,308,475.00. Following the sale, the executive vice president now owns 45,395 shares of the company’s stock, valued at $107,760,920.75. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the sale, the director now directly owns 242 shares in the company, 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 have sold 13,170 shares of company stock worth $27,132,248. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FICO. Jefferies Financial Group reduced their price objective on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and issued a $2,500.00 price objective on shares of Fair Isaac in a research note on Wednesday, February 5th. UBS Group lowered their price target on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Oppenheimer decreased their price objective on shares of Fair Isaac from $2,515.00 to $2,409.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,078.15.

Fair Isaac Stock Down 1.7 %

Shares of Fair Isaac stock opened at $1,724.97 on Friday. The stock has a market capitalization of $42.12 billion, a P/E ratio of 79.16, a PEG ratio of 3.40 and a beta of 1.39. The stock has a 50 day moving average price of $1,928.65 and a two-hundred day moving average price of $1,971.56. Fair Isaac Co. has a 12-month low of $1,105.65 and a 12-month high of $2,402.51.

Fair Isaac (NYSE:FICO) last issued its earnings results on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Sell-side analysts anticipate that Fair Isaac Co. will post 24.15 earnings per share for the current year.

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.