Jefferies Financial Group Research Analysts Increase Earnings Estimates for Fair Isaac Co. (NYSE:FICO)

Fair Isaac Co. (NYSE:FICO) – Stock analysts at Jefferies Financial Group raised their Q3 2021 EPS estimates for Fair Isaac in a research report issued on Monday, July 19th. Jefferies Financial Group analyst S. Thind now forecasts that the technology company will post earnings per share of $2.50 for the quarter, up from their previous estimate of $2.48. Jefferies Financial Group also issued estimates for Fair Isaac’s Q4 2021 earnings at $2.65 EPS, FY2021 earnings at $9.40 EPS and FY2022 earnings at $11.48 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Fair Isaac from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 7th. The Goldman Sachs Group assumed coverage on Fair Isaac in a report on Thursday, July 8th. They issued a “buy” rating and a $577.00 price target for the company. Royal Bank of Canada began coverage on shares of Fair Isaac in a research report on Wednesday, July 7th. They set a “sector perform” rating and a $550.00 target price on the stock. Finally, Barclays upped their price objective on shares of Fair Isaac from $565.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $543.44.

Fair Isaac stock opened at $540.83 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.31. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 57.78 and a beta of 1.25. The stock has a fifty day simple moving average of $504.14. Fair Isaac has a 52-week low of $380.00 and a 52-week high of $547.57.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Wednesday, May 5th. The technology company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.16. Fair Isaac had a return on equity of 96.79% and a net margin of 20.90%. The business had revenue of $331.40 million for the quarter, compared to analyst estimates of $322.39 million. During the same period in the previous year, the company posted $2.14 EPS. The company’s revenue was up 7.6% compared to the same quarter last year.

In related news, Director Joanna Rees sold 4,660 shares of the business’s stock in a transaction that occurred on Thursday, June 17th. The stock was sold at an average price of $500.00, for a total transaction of $2,330,000.00. Following the completion of the transaction, the director now owns 9,040 shares in the company, valued at approximately $4,520,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Lansing sold 16,666 shares of the company’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $518.07, for a total value of $8,634,154.62. Following the transaction, the chief executive officer now owns 144,130 shares of the company’s stock, valued at $74,669,429.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,086 shares of company stock worth $27,929,875. Insiders own 3.27% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Carroll Financial Associates Inc. bought a new position in shares of Fair Isaac during the first quarter worth about $26,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Fair Isaac in the first quarter valued at approximately $27,000. Carmichael Hill & Associates Inc. boosted its position in shares of Fair Isaac by 50.0% during the first quarter. Carmichael Hill & Associates Inc. now owns 75 shares of the technology company’s stock worth $36,000 after buying an additional 25 shares during the period. First Horizon Advisors Inc. increased its position in Fair Isaac by 25.7% in the 1st quarter. First Horizon Advisors Inc. now owns 127 shares of the technology company’s stock valued at $61,000 after acquiring an additional 26 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Fair Isaac by 411.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138 shares of the technology company’s stock valued at $67,000 after acquiring an additional 111 shares in the last quarter. 87.04% of the stock is owned by institutional investors.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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