JPMorgan Chase & Co. Boosts Stock Holdings in Fair Isaac Co. (NYSE:FICO)

JPMorgan Chase & Co. lifted its stake in Fair Isaac Co. (NYSE:FICO) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 678,613 shares of the technology company’s stock after purchasing an additional 5,371 shares during the period. JPMorgan Chase & Co.’s holdings in Fair Isaac were worth $1,351,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FICO. Rakuten Securities Inc. boosted its stake in shares of Fair Isaac by 160.0% in the 4th quarter. Rakuten Securities Inc. now owns 13 shares of the technology company’s stock valued at $26,000 after buying an additional 8 shares during the period. True Wealth Design LLC lifted its stake in Fair Isaac by 900.0% in the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after acquiring an additional 18 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Fair Isaac in the fourth quarter worth approximately $40,000. Avalon Trust Co purchased a new stake in shares of Fair Isaac in the 4th quarter valued at approximately $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Fair Isaac in the 4th quarter valued at $42,000. 85.75% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Stock Performance

NYSE FICO opened at $1,872.34 on Friday. Fair Isaac Co. has a one year low of $1,105.65 and a one year high of $2,402.52. The firm has a market cap of $45.72 billion, a PE ratio of 85.93, a P/E/G ratio of 3.27 and a beta of 1.41. The firm’s fifty day moving average is $1,829.79 and its two-hundred day moving average is $1,989.02.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $4.15 EPS for the quarter, missing the consensus estimate of $6.21 by ($2.06). Fair Isaac had a net margin of 30.66% and a negative return on equity of 53.40%. Research analysts predict that Fair Isaac Co. will post 24.15 earnings per share for the current year.

Insider Activity

In other Fair Isaac news, CFO Steven P. Weber sold 139 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $1,964.42, for a total value of $273,054.38. Following the completion of the sale, the chief financial officer now owns 2,478 shares of the company’s stock, valued at approximately $4,867,832.76. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William J. Lansing sold 4,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1,727.69, for a total transaction of $7,069,707.48. Following the sale, the chief executive officer now directly owns 42,138 shares in the company, valued at approximately $72,801,401.22. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,241 shares of company stock valued at $18,186,184 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Fair Isaac from $2,250.00 to $2,100.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. assumed coverage on Fair Isaac in a report on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $2,500.00 target price on shares of Fair Isaac in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their price target on shares of Fair Isaac from $2,275.00 to $2,175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada upgraded shares of Fair Isaac from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $2,040.00 to $2,170.00 in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and an average target price of $2,088.15.

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.