Q2 2023 EPS Estimates for Fair Isaac Co. Lifted by Jefferies Financial Group (NYSE:FICO)

Fair Isaac Co. (NYSE:FICO – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their Q2 2023 earnings per share (EPS) estimates for Fair Isaac in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst S. Thind now forecasts that the technology company will post earnings of $4.15 per share for the quarter, up from their prior forecast of $4.14. Jefferies Financial Group currently has a “Buy” rating and a $695.00 target price on the stock. The consensus estimate for Fair Isaac’s current full-year earnings is $16.11 per share. Jefferies Financial Group also issued estimates for Fair Isaac’s Q1 2024 earnings at $4.51 EPS, Q2 2024 earnings at $5.03 EPS, Q3 2024 earnings at $5.50 EPS, Q4 2024 earnings at $5.80 EPS and FY2024 earnings at $20.82 EPS.

Fair Isaac (NYSE:FICO – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The technology company reported $3.56 earnings per share for the quarter, hitting the consensus estimate of $3.56. Fair Isaac had a net margin of 27.12% and a negative return on equity of 51.08%. The firm had revenue of $348.75 million during the quarter, compared to the consensus estimate of $355.10 million.

FICO has been the topic of a number of other research reports. Robert W. Baird lowered Fair Isaac from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $546.00 to $475.00 in a report on Thursday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fair Isaac in a research report on Friday, January 6th. They set a “buy” rating and a $697.00 price target on the stock. StockNews.com downgraded shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Sunday, November 13th. Needham & Company LLC upped their price target on Fair Isaac from $600.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, Barclays boosted their price objective on Fair Isaac from $575.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $647.17.

Fair Isaac Price Performance

NYSE FICO opened at $629.97 on Wednesday. Fair Isaac has a 1-year low of $340.48 and a 1-year high of $640.50. The company has a market cap of $15.73 billion, a PE ratio of 44.36 and a beta of 1.28. The stock’s 50 day simple moving average is $603.41 and its 200-day simple moving average is $501.47.

Insider Transactions at Fair Isaac

In related news, Director Joanna Rees sold 244 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $594.02, for a total value of $144,940.88. Following the sale, the director now directly owns 3,428 shares in the company, valued at approximately $2,036,300.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fair Isaac news, EVP Mark R. Scadina sold 13,793 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $601.28, for a total transaction of $8,293,455.04. Following the transaction, the executive vice president now directly owns 19,186 shares in the company, valued at $11,536,158.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees sold 244 shares of Fair Isaac stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $594.02, for a total value of $144,940.88. Following the completion of the sale, the director now directly owns 3,428 shares of the company’s stock, valued at $2,036,300.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,072 shares of company stock worth $12,180,047. 3.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

A number of hedge funds and other institutional investors have recently bought and sold shares of FICO. Congress Asset Management Co. MA lifted its position in shares of Fair Isaac by 0.6% during the fourth quarter. Congress Asset Management Co. MA now owns 24,705 shares of the technology company’s stock worth $14,788,000 after purchasing an additional 152 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in Fair Isaac during the 4th quarter worth approximately $1,179,000. Gallacher Capital Management LLC acquired a new stake in Fair Isaac during the 4th quarter worth approximately $239,000. Allworth Financial LP boosted its position in Fair Isaac by 48.8% in the 4th quarter. Allworth Financial LP now owns 305 shares of the technology company’s stock valued at $183,000 after buying an additional 100 shares during the period. Finally, Accurate Wealth Management LLC acquired a new position in shares of Fair Isaac in the fourth quarter worth $41,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

About Fair Isaac

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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.