Fair Isaac (NYSE:FICO) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Fair Isaac (NYSE:FICO) in a research report report published on Friday, MarketBeat.com reports. The firm issued a neutral rating and a $2,150.00 price target on the technology company’s stock.

Other analysts have also recently issued reports about the stock. UBS Group assumed coverage on shares of Fair Isaac in a research note on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird increased their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted 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 upped 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fair Isaac has a consensus rating of “Moderate Buy” and an average price target of $2,032.46.

Fair Isaac Stock Up 2.3 %

Shares of NYSE:FICO opened at $2,090.98 on Friday. Fair Isaac has a 52-week low of $1,105.65 and a 52-week high of $2,402.51. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 102.25, a PEG ratio of 4.05 and a beta of 1.36. The business has a 50-day moving average price of $2,180.02 and a 200-day moving average price of $1,841.62.

Insider Activity

In related news, Director Marc F. Mcmorris sold 520 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total value of $6,266,402.80. Following the completion of the sale, the executive vice president now owns 5,769 shares in the company, valued at approximately $13,489,133.49. The trade was a 31.72 % 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 quarter. Corporate insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Fair Isaac by 0.5% during the 3rd quarter. State Street Corp now owns 1,045,165 shares of the technology company’s stock worth $2,031,299,000 after purchasing an additional 5,472 shares during the last quarter. Geode Capital Management LLC boosted its stake in Fair Isaac by 1.0% during the third quarter. Geode Capital Management LLC now owns 645,379 shares of the technology company’s stock worth $1,251,537,000 after buying an additional 6,510 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Fair Isaac by 189,461.6% in the 3rd quarter. International Assets Investment Management LLC now owns 538,355 shares of the technology company’s stock valued at $1,046,304,000 after buying an additional 538,071 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Fair Isaac by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 372,582 shares of the technology company’s stock worth $724,122,000 after acquiring an additional 1,977 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Fair Isaac by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 345,628 shares of the technology company’s stock worth $514,523,000 after acquiring an additional 21,768 shares during the period. Hedge funds and other 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.