Fair Isaac (FICO) to Release Quarterly Earnings on Thursday

Fair Isaac (NYSE:FICO) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $4.89 per share for the quarter. Fair Isaac has set its FY24 guidance at $22.45 EPS.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, analysts expect Fair Isaac to post $20 EPS for the current fiscal year and $26 EPS for the next fiscal year.

Fair Isaac Stock Up 3.1 %

FICO traded up $35.25 during mid-day trading on Thursday, reaching $1,188.53. 94,915 shares of the company traded hands, compared to its average volume of 164,140. The stock has a market capitalization of $29.53 billion, a P/E ratio of 66.85, a P/E/G ratio of 2.55 and a beta of 1.21. The company’s fifty day moving average price is $1,257.07 and its 200-day moving average price is $1,136.65. Fair Isaac has a 52-week low of $686.08 and a 52-week high of $1,349.75.

Insider Buying and Selling

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FICO. Gladius Capital Management LP raised its position in Fair Isaac by 9.4% in the 3rd quarter. Gladius Capital Management LP now owns 1,360 shares of the technology company’s stock worth $1,181,000 after purchasing an additional 117 shares during the period. Benjamin Edwards Inc. raised its position in Fair Isaac by 9.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 158 shares of the technology company’s stock worth $128,000 after purchasing an additional 14 shares during the period. Stonebridge Capital Advisors LLC raised its position in Fair Isaac by 19,900.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 200 shares of the technology company’s stock worth $120,000 after purchasing an additional 199 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Fair Isaac by 15.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the technology company’s stock worth $115,000 after purchasing an additional 25 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Fair Isaac in the 1st quarter worth about $104,000. Institutional investors own 85.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,350.00 target price on shares of Fair Isaac in a research note on Friday, January 26th. Redburn Atlantic started coverage on shares of Fair Isaac in a research note on Tuesday. They set a “neutral” rating and a $1,113.00 target price for the company. Needham & Company LLC upped their price objective on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Barclays upped their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group upped their price objective on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,180.45.

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.