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

Research analysts at JPMorgan Chase & Co. have initiated coverage on Fair Isaac Corporation (NYSE:FICO – Get Free Report) as of Friday, according to a report by MarketBeat Ratings. The investment firm has given Fair Isaac a "neutral" rating and has set a price target of $2,150.00 for the technology company's shares. This price target indicates a potential upside of 2.82% based on the stock's previous closing price.

Fair Isaac has recently received attention from several other research firms as well. On November 7th, Robert W. Baird raised their price target for Fair Isaac from $1,700.00 to $2,000.00 while maintaining a "neutral" rating. Similarly, Barclays has increased their target price from $2,150.00 to $2,350.00, branding the stock as "overweight" on the same date. In another report on December 2nd, Oppenheimer lifted their price target for Fair Isaac from $2,324.00 to $2,515.00 and designated the stock as "outperform." Furthermore, Needham & Company LLC has raised their price objective from $1,850.00 to $2,500.00 with a "buy" rating, also issued on November 7th. Finally, Wells Fargo & Company elevated their target price from $2,200.00 to $2,400.00, continuing to label the stock as "overweight." Currently, five analysts have assigned a hold rating to the stock, while eight have given it a buy rating. According to MarketBeat.com, the consensus rating stands at "Moderate Buy" with an average price target of $2,032.46.

Fair Isaac Stock Performance

The stock of Fair Isaac rose by 2.3% and opened at $2,090.98 on Friday. The company boasts a market capitalisation of $50.91 billion, with a price-to-earnings (P/E) ratio of 102.25 and a P/E growth (P/E/G) ratio of 4.05, alongside a beta of 1.36. The stock displays a fifty-day moving average of $2,181.27 and a two-hundred-day moving average of $1,847.16. Over the past 12 months, Fair Isaac’s stock has seen a low of $1,105.65 and a high of $2,402.51.

Insider Trading Activity

In other recent developments, EVP James M. Wehmann sold 3,500 shares of Fair Isaac on November 21st at an average price of $2,320.41, bringing the total value of the transaction to approximately $8,121,435.00. Following this trade, Wehmann retains ownership of 48,895 shares, valued at roughly $113,456,446.95, reflecting a 6.68% decrease in their stake. Additionally, Director Henry Tayloe Stansbury sold 249 shares on November 11th at an average price of $2,338.55, totaling $582,298.95. This transaction has reduced Stansbury’s holdings to 92 shares, worth about $215,146.60, marking a 73.02% decrease in ownership. Recently, insiders have collectively sold 13,450 shares worth $30,985,908, with company insiders holding 3.54% of the stock.

Institutional Investments

Several institutional investors have adjusted their positions in Fair Isaac. Capital Performance Advisors LLP acquired a new stake in the company during the third quarter, valued at approximately $25,000. Tortoise Investment Management LLC boosted their holdings by 81.8% in the second quarter, now owning 20 shares valued at $30,000 after purchasing 9 shares during that time. True Wealth Design LLC enhanced its position in Fair Isaac by 900.0% in the third quarter, increasing their ownership to 20 shares worth about $39,000 after acquiring 18 additional shares. Meeder Asset Management Inc. raised its stake by 37.5% in the same period, owning 22 shares valued at $43,000 after a six-share purchase. Lastly, Family Firm Inc. stepped into a new position in Fair Isaac during the second quarter, valued at $34,000. Notably, 85.75% of Fair Isaac's stock is currently owned by hedge funds and institutional investors.

About Fair Isaac Corporation

Fair Isaac Corporation specializes in developing analytic, software, and digital decisioning technologies and services that help businesses automate, improve, and integrate decision-making across various sectors, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company operates through two divisions: Scores and Software. The Software division offers pre-configured analytic and decision management solutions tailored to various business requirements, including account origination, customer management, customer engagement, fraud detection, compliance with financial crimes regulations, and marketing, along with related professional services.

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