Principal Financial Group Inc. Buys 53,980 Shares of Fair Isaac Corporation $FICO

Principal Financial Group Inc. boosted its holdings in Fair Isaac Corporation (NYSE:FICO) by 13.4% in the 4th quarter, HoldingsChannel reports. The firm owned 458,085 shares of the technology company’s stock after purchasing an additional 53,980 shares during the quarter. Principal Financial Group Inc.’s holdings in Fair Isaac were worth $774,518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Fair Isaac by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,069,749 shares of the technology company’s stock worth $4,593,971,000 after purchasing an additional 72,224 shares during the period. Capital World Investors boosted its stake in Fair Isaac by 874.4% in the 3rd quarter. Capital World Investors now owns 808,393 shares of the technology company’s stock worth $1,209,784,000 after purchasing an additional 725,432 shares during the period. Capital International Investors boosted its stake in Fair Isaac by 402.8% in the 3rd quarter. Capital International Investors now owns 377,883 shares of the technology company’s stock worth $565,513,000 after purchasing an additional 302,734 shares during the period. Kensico Capital Management Corp boosted its stake in Fair Isaac by 30.4% in the 3rd quarter. Kensico Capital Management Corp now owns 324,880 shares of the technology company’s stock worth $486,193,000 after purchasing an additional 75,700 shares during the period. Finally, Akre Capital Management LLC boosted its stake in Fair Isaac by 2,751.4% in the 3rd quarter. Akre Capital Management LLC now owns 260,849 shares of the technology company’s stock worth $390,368,000 after purchasing an additional 251,701 shares during the period. 85.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America assumed coverage on Fair Isaac in a research note on Tuesday, February 17th. They issued a “buy” rating and a $1,900.00 price target for the company. Barclays dropped their price target on Fair Isaac from $2,400.00 to $1,950.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Needham & Company LLC dropped their price target on Fair Isaac from $1,975.00 to $1,650.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price target on Fair Isaac from $1,325.00 to $1,225.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,750.00 price target on shares of Fair Isaac in a research note 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,655.07.

Insider Buying and Selling

In other news, Director Joanna Rees sold 358 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $1,360.00, for a total transaction of $486,880.00. Following the completion of the transaction, the director directly owned 11,204 shares in the company, valued at approximately $15,237,440. This represents a 3.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eva Manolis sold 520 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,227.63, for a total value of $638,367.60. Following the transaction, the director owned 344 shares of the company’s stock, valued at $422,304.72. This represents a 60.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by corporate insiders.

Fair Isaac Stock Performance

NYSE FICO opened at $1,059.91 on Tuesday. The company has a market capitalization of $24.58 billion, a P/E ratio of 33.57, a P/E/G ratio of 0.92 and a beta of 1.24. Fair Isaac Corporation has a one year low of $870.01 and a one year high of $2,217.60. The stock has a 50 day moving average price of $1,144.59 and a 200-day moving average price of $1,461.49.

Fair Isaac (NYSE:FICO) last posted its earnings results on Tuesday, April 28th. The technology company reported $12.50 EPS for the quarter, beating analysts’ consensus estimates of $11.03 by $1.47. The firm had revenue of $691.68 million during the quarter, compared to the consensus estimate of $630.21 million. Fair Isaac had a negative return on equity of 41.04% and a net margin of 33.67%.The company’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the company earned $7.81 EPS. Fair Isaac has set its FY 2026 guidance at 40.450-40.450 EPS. As a group, equities analysts predict that Fair Isaac Corporation will post 37.99 EPS for the current fiscal year.

Fair Isaac announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.