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

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Fair Isaac (NYSE:FICO) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $2,150.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.14% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on FICO. The Goldman Sachs Group boosted their price target on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their target price 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. Robert W. Baird raised their price objective on shares of Fair Isaac from $1,700.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays increased their target price on shares of Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group began coverage on shares of Fair Isaac in a research report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,032.46.

Fair Isaac Stock Down 0.3 %

NYSE FICO opened at $2,044.89 on Friday. Fair Isaac has a 52 week low of $1,105.65 and a 52 week high of $2,402.51. The business’s fifty day simple moving average is $2,180.02 and its 200-day simple moving average is $1,841.62. The firm has a market cap of $49.79 billion, a PE ratio of 99.99, a P/E/G ratio of 4.05 and a beta of 1.36.

Insider Activity

In related news, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 92 shares of the company’s stock, valued at approximately $215,146.60. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marc F. Mcmorris sold 520 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the completion of the transaction, the director now owns 242 shares in the company, valued at $520,921.94. This represents a 68.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,450 shares of company stock valued at $30,985,908 over the last quarter. Company insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently modified their holdings of FICO. Lord Abbett & CO. LLC lifted its position in shares of Fair Isaac by 18.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 23,471 shares of the technology company’s stock worth $45,616,000 after buying an additional 3,721 shares during the last quarter. DGS Capital Management LLC lifted its stake in Fair Isaac by 4.5% in the third quarter. DGS Capital Management LLC now owns 690 shares of the technology company’s stock valued at $1,341,000 after buying an additional 30 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Fair Isaac during the 3rd quarter valued at about $3,195,000. American Trust bought a new position in Fair Isaac in the 3rd quarter worth approximately $202,000. Finally, Tidal Investments LLC grew its stake in shares of Fair Isaac by 50.8% in the third quarter. Tidal Investments LLC now owns 1,784 shares of the technology company’s stock worth $3,467,000 after purchasing an additional 601 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

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.