Fair Isaac (NYSE:FICO) Releases FY24 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $22.80 for the period, compared to the consensus EPS estimate of $23.29. The company issued revenue guidance of $1.690 billion, compared to the consensus revenue estimate of $1.74 billion. Fair Isaac also updated its FY 2024 guidance to 22.800-22.800 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group increased their target price on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a sector perform rating and issued a $1,350.00 price target on shares of Fair Isaac in a report on Friday, January 26th. Redburn Atlantic started coverage on Fair Isaac in a report on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 price target for the company. Barclays increased their price target on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Finally, Needham & Company LLC reiterated a buy rating and issued a $1,500.00 price target on shares of Fair Isaac in a report on Monday, April 22nd. One equities 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $1,182.09.

Fair Isaac Price Performance

NYSE:FICO traded down $82.81 during mid-day trading on Friday, reaching $1,110.85. The stock had a trading volume of 440,692 shares, compared to its average volume of 148,743. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 58.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. Fair Isaac has a 1-year low of $714.63 and a 1-year high of $1,349.75. The stock’s 50 day simple moving average is $1,237.78 and its two-hundred day simple moving average is $1,149.19.

Fair Isaac (NYSE:FICO) last posted its quarterly 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. Fair Isaac had a negative return on equity of 62.94% and a net margin of 29.99%. The business had revenue of $382.06 million during the quarter, compared to the consensus estimate of $386.55 million. Sell-side analysts anticipate that Fair Isaac will post 19.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the transaction, the chief executive officer now owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,000 shares of company stock valued at $29,011,120 over the last quarter. Insiders own 3.54% of the company’s stock.

Fair Isaac Company Profile

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.