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

JPMorgan Chase & Co. increased its position in shares of Fair Isaac Co. (NYSE:FICO - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 673,242 shares of the technology company's stock after buying an additional 7,466 shares during the quarter. JPMorgan Chase & Co. owned about 2.77% of Fair Isaac worth $1,308,460,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in Fair Isaac in the 3rd quarter valued at approximately $25,000. Tortoise Investment Management LLC grew its stake in shares of 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 buying an additional 9 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Fair Isaac by 900.0% in the 3rd quarter. True Wealth Design LLC now owns 20 shares of the technology company's stock valued at $39,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. lifted its stake in Fair Isaac by 37.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 22 shares of the technology company's stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Fair Isaac by 30.0% during the 3rd quarter. Covestor Ltd now owns 26 shares of the technology company's stock valued at $52,000 after acquiring an additional 6 shares during the period. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Fair Isaac Trading Down 1.2 %

Shares of Fair Isaac stock traded down $25.38 during trading hours on Friday, hitting $2,037.33. 103,651 shares of the company were exchanged, compared to its average volume of 168,646. The business has a 50-day moving average of $2,185.20 and a 200-day moving average of $1,873.47. 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 capitalization of $49.60 billion, a price-to-earnings ratio of 99.62, a P/E/G ratio of 4.05 and a beta of 1.36.

Insiders Place Their Bets

In related news, Director Henry Tayloe Stansbury sold 249 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.55, for a total value of $582,298.95. Following the sale, the director now directly owns 92 shares in the company, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James M. Wehmann sold 3,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $2,373.85, for a total value of $8,308,475.00. Following the completion of the transaction, the executive vice president now owns 45,395 shares of the company's stock, valued at $107,760,920.75. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,450 shares of company stock worth $30,985,908. 3.54% of the stock is owned by insiders.

Analysts Set New Price Targets

FICO has been the topic of a number of recent research reports. Oppenheimer upped their price objective on Fair Isaac from $2,324.00 to $2,515.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Royal Bank of Canada restated a "sector perform" rating and issued a $2,040.00 price objective on shares of Fair Isaac in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of 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. Wells Fargo & Company increased their price objective on Fair Isaac from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Robert W. Baird upped their price target on Fair Isaac from $1,700.00 to $2,000.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Five equities research 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,032.46.

Fair Isaac 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.