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 note issued on Friday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $2,150.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.14% from the company’s current price.

Several other equities analysts have also recently issued reports on FICO. The Goldman Sachs Group boosted their target price on 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 boosted their price target on shares of 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. UBS Group assumed coverage on Fair Isaac in a research report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target on the stock. Barclays upped 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 research report on Thursday, November 7th. Finally, Needham & Company LLC lifted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,032.46.

Fair Isaac Trading Down 0.3 %

Shares of NYSE FICO opened at $2,044.89 on Friday. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 99.99, a P/E/G ratio of 4.05 and a beta of 1.36. The stock’s 50-day moving average is $2,180.02 and its 200 day moving average is $1,841.62. Fair Isaac has a 1-year low of $1,105.65 and a 1-year high of $2,402.51.

Insider Buying and Selling

In other Fair Isaac news, EVP James M. Wehmann sold 3,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2,195.19, for a total transaction of $6,585,570.00. Following the completion of the sale, the executive vice president now directly owns 51,911 shares of the company’s stock, valued at approximately $113,954,508.09. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc F. Mcmorris sold 520 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $2,152.57, for a total transaction of $1,119,336.40. Following the sale, the director now directly owns 242 shares of the company’s stock, valued at $520,921.94. The trade was a 68.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,450 shares of company stock valued at $30,985,908. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First National Bank of Omaha acquired a new position in shares of Fair Isaac in the 3rd quarter valued at about $1,576,000. National Bank of Canada FI lifted its holdings in Fair Isaac by 51.9% in the third quarter. National Bank of Canada FI now owns 19,817 shares of the technology company’s stock valued at $38,514,000 after acquiring an additional 6,768 shares during the period. Swedbank AB grew its stake in shares of Fair Isaac by 11.5% during the 3rd quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock worth $19,089,000 after purchasing an additional 1,013 shares during the period. BNP Paribas acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $445,000. Finally, Harvest Fund Management Co. Ltd grew its position in Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock valued at $1,477,000 after buying an additional 352 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

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.