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

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Fair Isaac (NYSE:FICO - Get Free Report) in a research report issued on Friday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $2,150.00 price target on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 2.82% from the stock's previous close.

FICO has been the topic of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of Fair Isaac from $2,374.00 to $2,661.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,850.00 to $2,500.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Robert W. Baird increased 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. Royal Bank of Canada reissued a "sector perform" rating and set a $2,040.00 target price on shares of Fair Isaac in a research report on Thursday, November 7th. Finally, UBS Group started coverage on Fair Isaac in a report on Tuesday, October 1st. They issued a "neutral" rating and a $2,100.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,032.46.

Fair Isaac Trading Up 2.3 %

Shares of NYSE:FICO traded up $46.09 during mid-day trading on Friday, hitting $2,090.98. 296,067 shares of the company traded hands, compared to its average volume of 169,980. The stock has a 50-day moving average price of $2,180.02 and a two-hundred day moving average price of $1,841.62. Fair Isaac has a 12-month low of $1,105.65 and a 12-month high of $2,402.51. The stock 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.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP James M. Wehmann sold 3,500 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 48,895 shares of the company's stock, valued at $113,456,446.95. The trade was a 6.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marc F. Mcmorris sold 520 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $2,152.57, for a total value of $1,119,336.40. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,450 shares of company stock valued at $30,985,908 over the last three months. 3.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.