JPMorgan Chase & Co. Begins Coverage on Fair Isaac (NYSE:FICO)

JPMorgan Chase & Co. began coverage on shares of Fair Isaac (NYSE:FICO) in a research report report published on Friday, Marketbeat Ratings reports. The firm issued a neutral rating and a $2,150.00 price target on the technology company’s stock.

FICO has been the topic of several other research reports. Robert W. Baird upped their price target on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2,040.00 target price on shares of Fair Isaac in a research note on Thursday, November 7th. Barclays raised their price target on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group began coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2,032.46.

Fair Isaac Stock Up 2.3 %

NYSE:FICO opened at $2,090.98 on Friday. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a fifty day simple moving average of $2,181.27 and a 200-day simple moving average of $1,850.97. The company has a market capitalization of $50.91 billion, a PE ratio of 102.25, a price-to-earnings-growth ratio of 4.05 and a beta of 1.36.

Insider Transactions at Fair Isaac

In other news, Director Henry Tayloe Stansbury sold 249 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total transaction of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. This represents a 73.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $520,921.94. This trade represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,450 shares of company stock worth $30,985,908 in the last three months. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FICO. International Assets Investment Management LLC grew its stake in Fair Isaac by 189,461.6% during the third quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock worth $1,046,304,000 after buying an additional 538,071 shares during the period. AustralianSuper Pty Ltd boosted its position in Fair Isaac by 1,270.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 73,276 shares of the technology company’s stock worth $142,413,000 after purchasing an additional 67,931 shares during the period. FMR LLC increased its holdings in Fair Isaac by 46.1% in the 3rd quarter. FMR LLC now owns 207,026 shares of the technology company’s stock valued at $402,358,000 after purchasing an additional 65,297 shares in the last quarter. Jennison Associates LLC raised its position in Fair Isaac by 35.1% in the third quarter. Jennison Associates LLC now owns 241,149 shares of the technology company’s stock valued at $468,677,000 after purchasing an additional 62,653 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Fair Isaac by 231.8% during the second quarter. Sei Investments Co. now owns 69,127 shares of the technology company’s stock worth $102,908,000 after purchasing an additional 48,294 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Company Profile

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.