Fair Isaac (FICO) to Release Quarterly Earnings on Thursday

Fair Isaac (NYSE:FICO – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $4.10 per share for the quarter. Fair Isaac has set its FY 2023 guidance at $19.42-$19.42 EPS and its FY23 guidance at $19.42 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Fair Isaac (NYSE:FICO – Get Rating) last released its earnings results on Wednesday, November 9th. The technology company reported $3.56 EPS for the quarter, meeting analysts’ consensus estimates of $3.56. Fair Isaac had a negative return on equity of 51.08% and a net margin of 27.12%. The business had revenue of $348.75 million for the quarter, compared to analysts’ expectations of $355.10 million. On average, analysts expect Fair Isaac to post $16 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Fair Isaac Stock Down 1.5 %

NYSE FICO opened at $640.22 on Wednesday. The stock’s 50-day simple moving average is $606.70 and its two-hundred day simple moving average is $508.40. Fair Isaac has a twelve month low of $340.48 and a twelve month high of $658.21. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 45.09 and a beta of 1.28.

Insiders Place Their Bets

In other news, Director Joanna Rees sold 244 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $594.02, for a total transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Fair Isaac news, EVP Mark R. Scadina sold 13,793 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $601.28, for a total value of $8,293,455.04. Following the completion of the transaction, the executive vice president now directly owns 19,186 shares in the company, valued at approximately $11,536,158.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanna Rees sold 244 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $594.02, for a total transaction of $144,940.88. Following 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. Insiders sold a total of 20,072 shares of company stock worth $12,180,047 over the last three months. 3.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Several hedge funds have recently modified their holdings of FICO. Captrust Financial Advisors increased its holdings in Fair Isaac by 41.9% in the 3rd quarter. Captrust Financial Advisors now owns 921 shares of the technology company’s stock valued at $380,000 after acquiring an additional 272 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Fair Isaac during the first quarter valued at about $373,000. National Pension Service increased its holdings in shares of Fair Isaac by 14.6% in the second quarter. National Pension Service now owns 921 shares of the technology company’s stock worth $369,000 after purchasing an additional 117 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Fair Isaac in the first quarter worth about $324,000. Finally, Prudential PLC bought a new position in Fair Isaac during the first quarter valued at approximately $296,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FICO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Fair Isaac in a report on Friday, January 6th. They set a “buy” rating and a $697.00 price objective on the stock. Barclays lifted their price target on shares of Fair Isaac from $575.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $545.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, November 11th. Robert W. Baird cut shares of Fair Isaac from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $546.00 to $475.00 in a research report on Thursday, October 6th. Finally, The Goldman Sachs Group upped their price target on shares of Fair Isaac from $614.00 to $686.00 and gave the company a “buy” rating in a research report on Monday, December 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Fair Isaac has an average rating of “Moderate Buy” and a consensus target price of $647.17.

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.