Fair Isaac (FICO) to Release Earnings on Thursday

Fair Isaac (NYSE:FICOGet Rating) is scheduled to be announcing its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Fair Isaac (NYSE:FICOGet Rating) last posted its quarterly earnings data 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 net margin of 27.12% and a negative return on equity of 51.08%. The company had revenue of $348.75 million during the quarter, compared to the consensus estimate 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 Trading Down 1.5 %

Shares of NYSE FICO traded down $9.73 on Tuesday, reaching $640.22. 230,222 shares of the company traded hands, compared to its average volume of 177,636. Fair Isaac has a fifty-two week low of $340.48 and a fifty-two week high of $658.21. The company has a 50 day moving average of $606.70 and a 200 day moving average of $508.40. The stock has a market capitalization of $15.99 billion, a PE ratio of 45.09 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FICO shares. Robert W. Baird downgraded shares of Fair Isaac from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $546.00 to $475.00 in a research note on Thursday, October 6th. The Goldman Sachs Group increased their target price on shares of Fair Isaac from $614.00 to $686.00 and gave the stock a “buy” rating in a research report on Monday, December 12th. Barclays increased their target price on shares of Fair Isaac from $575.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Jefferies Financial Group increased their target price on shares of Fair Isaac from $545.00 to $695.00 and gave the stock a “buy” rating in a research report on Friday, November 11th. Finally, Needham & Company LLC increased their target price on shares of Fair Isaac from $600.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, November 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $647.17.

Insiders Place Their Bets

In other Fair Isaac news, Director Joanna Rees sold 244 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $594.02, for a total value of $144,940.88. Following the completion of the transaction, the director now owns 3,428 shares in the company, valued at approximately $2,036,300.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Joanna Rees sold 244 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $594.02, for a total transaction of $144,940.88. Following the completion of the transaction, the director now directly owns 3,428 shares in the company, valued at approximately $2,036,300.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark R. Scadina sold 13,793 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $601.28, for a total value of $8,293,455.04. Following the transaction, the executive vice president now owns 19,186 shares of the company’s stock, valued at $11,536,158.08. The disclosure for this sale can be found here. Insiders sold a total of 20,072 shares of company stock worth $12,180,047 in the last 90 days. 3.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fair Isaac

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its stake in shares of Fair Isaac by 41.9% during the 3rd quarter. Captrust Financial Advisors now owns 921 shares of the technology company’s stock valued at $380,000 after buying an additional 272 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $373,000. National Pension Service raised its position in shares of Fair Isaac by 14.6% during the 2nd quarter. National Pension Service now owns 921 shares of the technology company’s stock valued at $369,000 after acquiring an additional 117 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $324,000. Finally, Prudential PLC acquired a new stake in shares of Fair Isaac during the 1st quarter valued at approximately $296,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

About Fair Isaac

(Get Rating)

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.

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Earnings History for Fair Isaac (NYSE:FICO)

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