Fair Isaac (NYSE:FICO) Coverage Initiated at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. began coverage on shares of Fair Isaac (NYSE:FICO) in a report issued on Friday, MarketBeat Ratings 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 points to a potential upside of 2.82% from the company’s previous close.

FICO has been the subject of several other reports. Robert W. Baird increased 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 research report 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 company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer lifted their price target on shares of Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Needham & Company LLC increased their price objective on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,032.46.

Fair Isaac Stock Up 2.3 %

Fair Isaac stock opened at $2,090.98 on Friday. The firm has a market cap of $50.91 billion, a P/E ratio of 102.25, a P/E/G ratio of 4.05 and a beta of 1.36. The business has a fifty day moving average of $2,181.27 and a two-hundred day moving average of $1,847.16. Fair Isaac has a twelve month low of $1,105.65 and a twelve month high of $2,402.51.

Insiders Place Their Bets

In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $2,320.41, for a total value of $8,121,435.00. Following the sale, the executive vice president now directly owns 48,895 shares of the company’s stock, valued at $113,456,446.95. The trade was a 6.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 92 shares in the company, valued at approximately $215,146.60. This represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,450 shares of company stock worth $30,985,908. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FICO. Capital Performance Advisors LLP purchased a new position in Fair Isaac in the third quarter worth approximately $25,000. Tortoise Investment Management LLC increased its stake in Fair Isaac by 81.8% in the second quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9 shares during the period. True Wealth Design LLC raised its stake in shares of Fair Isaac by 900.0% during the third quarter. True Wealth Design LLC now owns 20 shares of the technology company’s stock worth $39,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Fair Isaac by 37.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company’s stock valued at $43,000 after buying an additional 6 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Fair Isaac in the 2nd quarter valued at about $34,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

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.