Fair Isaac (NYSE:FICO) Updates FY 2024 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 22.800-22.800 for the period, compared to the consensus earnings per share estimate of 23.770. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Fair Isaac also updated its FY24 guidance to $22.80 EPS.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James raised their price objective on Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research report on Friday. Redburn Atlantic assumed coverage on Fair Isaac in a research report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price objective for the company. Needham & Company LLC reissued a buy rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Barclays raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Fair Isaac presently has a consensus rating of Moderate Buy and an average price target of $1,182.09.

Fair Isaac Stock Down 6.9 %

NYSE FICO traded down $82.81 during trading on Friday, hitting $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 PE ratio of 58.31, a PEG ratio of 2.46 and a beta of 1.21. The firm has a 50 day moving average price of $1,237.78 and a 200 day moving average price of $1,151.01. Fair Isaac has a twelve month low of $714.63 and a twelve month high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative return on equity of 62.94% and a net margin of 29.99%. On average, sell-side analysts anticipate that Fair Isaac will post 19.93 earnings per share for the current year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of Fair Isaac stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the transaction, the chief executive officer now owns 20,638 shares in the company, valued at approximately $25,300,743.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is currently owned by company insiders.

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.