JPMorgan Chase & Co. Grows Stake in Fair Isaac Co. (NYSE:FICO)

JPMorgan Chase & Co. lifted its position in Fair Isaac Co. (NYSE:FICO) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,242 shares of the technology company’s stock after acquiring an additional 7,466 shares during the period. JPMorgan Chase & Co. owned 2.77% of Fair Isaac worth $1,308,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of FICO. First National Bank of Omaha purchased a new stake in Fair Isaac in the 3rd quarter valued at $1,576,000. National Bank of Canada FI raised its stake in shares of Fair Isaac by 51.9% in the 3rd 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 raised its position in Fair Isaac by 11.5% in the third quarter. Swedbank AB now owns 9,822 shares of the technology company’s stock valued at $19,089,000 after purchasing an additional 1,013 shares during the period. BNP Paribas purchased a new stake in shares of Fair Isaac in the 3rd quarter valued at $445,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Fair Isaac by 86.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 760 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Insider Buying and Selling

In other news, EVP James M. Wehmann sold 3,500 shares of Fair Isaac stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $2,320.41, for a total transaction of $8,121,435.00. Following the completion of the sale, the executive vice president now directly owns 48,895 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, Director Henry Tayloe Stansbury sold 249 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the transaction, the director now owns 92 shares of the company’s stock, valued at $215,146.60. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,450 shares of company stock worth $30,985,908 in the last three months. Corporate insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FICO. JPMorgan Chase & Co. initiated coverage on Fair Isaac in a research note on Friday, December 20th. They issued a “neutral” rating and a $2,150.00 price objective on the stock. Needham & Company LLC increased their target price 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. The Goldman Sachs Group raised their price target on Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird lifted 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. Finally, UBS Group started coverage on Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and a consensus target price of $2,032.46.

Fair Isaac Price Performance

FICO opened at $2,062.71 on Friday. Fair Isaac Co. has a 1-year low of $1,105.65 and a 1-year high of $2,402.51. The stock has a market cap of $50.22 billion, a P/E ratio of 100.87, a P/E/G ratio of 4.05 and a beta of 1.36. The stock’s 50 day simple moving average is $2,183.93 and its 200 day simple moving average is $1,868.42.

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.