Fair Isaac (NYSE:FICO) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Fair Isaac (NYSE:FICO) issued its earnings results on Wednesday. The technology company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.25, FiscalAI reports. Fair Isaac had a negative return on equity of 43.97% and a net margin of 32.75%.The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $501.05 million.

Fair Isaac Price Performance

Shares of Fair Isaac stock traded down $17.49 during trading hours on Wednesday, reaching $1,527.51. The company had a trading volume of 363,394 shares, compared to its average volume of 293,083. The firm has a market cap of $36.29 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. Fair Isaac has a one year low of $1,300.00 and a one year high of $2,217.60. The business has a fifty day simple moving average of $1,700.05 and a 200 day simple moving average of $1,605.02.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FICO. Seaport Research Partners raised shares of Fair Isaac to a “strong-buy” rating in a research report on Wednesday, October 1st. BMO Capital Markets lowered their target price on shares of Fair Isaac from $2,300.00 to $2,200.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Barclays boosted their price objective on Fair Isaac from $2,000.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Finally, Robert W. Baird upped their price target on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,092.15.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,426 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $1,810.00, for a total value of $2,581,060.00. Following the completion of the transaction, the chief financial officer directly owned 2,804 shares of the company’s stock, valued at $5,075,240. This trade represents a 33.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eva Manolis sold 521 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1,825.83, for a total value of $951,257.43. Following the completion of the sale, the director owned 344 shares in the company, valued at $628,085.52. This trade represents a 60.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,347 shares of company stock worth $7,691,229 in the last three months. 3.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fair Isaac

A number of institutional investors and hedge funds have recently bought and sold shares of FICO. Rakuten Securities Inc. raised its position in shares of Fair Isaac by 100.0% during the 2nd quarter. Rakuten Securities Inc. now owns 24 shares of the technology company’s stock valued at $44,000 after buying an additional 12 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Fair Isaac during the third quarter worth about $46,000. Johnson Financial Group Inc. boosted its holdings in shares of Fair Isaac by 122.2% in the 3rd quarter. Johnson Financial Group Inc. now owns 60 shares of the technology company’s stock worth $90,000 after purchasing an additional 33 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Fair Isaac during the 2nd quarter valued at about $132,000. Finally, Great Lakes Advisors LLC raised its holdings in shares of Fair Isaac by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock valued at $207,000 after buying an additional 6 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.