Principal Financial Group Inc. Decreases Holdings in Fair Isaac Corporation $FICO

Principal Financial Group Inc. lowered its position in Fair Isaac Corporation (NYSE:FICO) by 7.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 422,822 shares of the technology company’s stock after selling 35,263 shares during the period. Principal Financial Group Inc.’s holdings in Fair Isaac were worth $451,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fair Isaac by 480,776.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,327,664 shares of the technology company’s stock worth $5,625,815,000 after acquiring an additional 3,326,972 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of Fair Isaac in the fourth quarter worth about $516,615,000. Norges Bank purchased a new position in shares of Fair Isaac in the fourth quarter worth about $490,209,000. Capital World Investors lifted its stake in shares of Fair Isaac by 10.7% in the 4th quarter. Capital World Investors now owns 894,593 shares of the technology company’s stock valued at $1,512,417,000 after acquiring an additional 86,200 shares during the last quarter. Finally, Kensico Capital Management Corp boosted its holdings in Fair Isaac by 30.4% during the 3rd quarter. Kensico Capital Management Corp now owns 324,880 shares of the technology company’s stock valued at $486,193,000 after acquiring an additional 75,700 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FICO shares. Barclays cut their target price on shares of Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 price target on shares of Fair Isaac in a report on Tuesday, June 9th. JPMorgan Chase & Co. decreased their price objective on shares of Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of Fair Isaac from $1,650.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $1,549.00 price target on Fair Isaac in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,627.93.

Fair Isaac Trading Up 2.1%

Shares of Fair Isaac stock opened at $1,276.55 on Tuesday. Fair Isaac Corporation has a 12 month low of $870.01 and a 12 month high of $1,998.01. The firm has a market capitalization of $29.60 billion, a P/E ratio of 40.44, a P/E/G ratio of 1.11 and a beta of 1.29. The business has a fifty day simple moving average of $1,187.59 and a two-hundred day simple moving average of $1,273.75.

Fair Isaac (NYSE:FICO) last released its earnings results on Tuesday, April 28th. The technology company reported $12.50 earnings per share for the quarter, topping analysts’ consensus estimates of $11.03 by $1.47. The firm had revenue of $691.68 million for the quarter, compared to the consensus estimate of $630.21 million. Fair Isaac had a net margin of 33.67% and a negative return on equity of 41.04%. The company’s revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. Analysts predict that Fair Isaac Corporation will post 38 earnings per share for the current year.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.