Fair Isaac (FICO) to Release Quarterly Earnings on Thursday

Fair Isaac (NYSE:FICO) is scheduled to be announcing its earnings results 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 released its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The business had revenue of $382.06 million during the quarter, compared to analysts’ expectations 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 Performance

Shares of FICO stock traded up $35.25 on Thursday, reaching $1,188.53. 94,915 shares of the company were exchanged, compared to its average volume of 164,140. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 66.85, a P/E/G ratio of 2.55 and a beta of 1.21. The business has a 50-day moving average price of $1,257.07 and a 200 day moving average price of $1,136.65. Fair Isaac has a 1 year low of $686.08 and a 1 year high of $1,349.75.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several institutional investors and hedge funds have recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new position in Fair Isaac in the 4th quarter valued at about $248,000. O Dell Group LLC acquired a new position in shares of Fair Isaac in the 4th quarter worth approximately $36,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Fair Isaac by 9.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 11,355 shares of the technology company’s stock worth $13,217,000 after acquiring an additional 991 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fair Isaac by 5.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 884 shares of the technology company’s stock worth $1,029,000 after acquiring an additional 46 shares during the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of Fair Isaac by 10.8% in the 4th quarter. Townsquare Capital LLC now owns 1,620 shares of the technology company’s stock worth $1,886,000 after acquiring an additional 158 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FICO shares. Jefferies Financial Group boosted their target price on shares of 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. Raymond James boosted their price target on shares of Fair Isaac from $1,214.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Needham & Company LLC boosted their price target on shares of Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Barclays boosted their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $1,350.00 price target on shares of Fair Isaac in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus 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.