Principal Financial Group Inc. decreased its position in Fair Isaac Corporation (NYSE:FICO) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,630 shares of the technology company’s stock after selling 11,960 shares during the quarter. Principal Financial Group Inc. owned 1.02% of Fair Isaac Corporation worth $43,924,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FICO. YorkBridge Wealth Partners LLC purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth $138,000. Acrospire Investment Management LLC purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fair Isaac Corporation by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after acquiring an additional 161 shares during the period. Advisory Services Network LLC increased its position in shares of Fair Isaac Corporation by 17.9% during the second quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after acquiring an additional 197 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth $208,000. 87.94% of the stock is currently owned by institutional investors.
In related news, Director David A. Rey sold 7,340 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the transaction, the director now owns 15,714 shares of the company’s stock, valued at $2,203,888.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joanna Rees bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $152.00 per share, for a total transaction of $456,000.00. Following the acquisition, the director now directly owns 4,989 shares of the company’s stock, valued at $758,328. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.
A number of analysts have recently weighed in on FICO shares. BidaskClub lowered Fair Isaac Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Wells Fargo & Company upped their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC upped their price objective on Fair Isaac Corporation from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd.
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Fair Isaac Corporation (NYSE FICO) opened at $151.90 on Thursday. The company has a market capitalization of $4,570.81, a price-to-earnings ratio of 38.39, a P/E/G ratio of 4.14 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09. Fair Isaac Corporation has a twelve month low of $110.74 and a twelve month high of $155.24.
Fair Isaac Corporation (NYSE:FICO) last posted its earnings results on Wednesday, November 1st. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.17 by $0.48. The firm had revenue of $253.21 million for the quarter, compared to analyst estimates of $249.11 million. Fair Isaac Corporation had a return on equity of 30.03% and a net margin of 13.76%. Fair Isaac Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. equities analysts expect that Fair Isaac Corporation will post 3.68 EPS for the current fiscal year.
Fair Isaac Corporation declared that its board has initiated a stock repurchase plan on Wednesday, November 1st that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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