Fair Isaac (NYSE:FICO) Issues 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FICO. Redburn Atlantic began coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a neutral rating and a $1,113.00 price target on the stock. Royal Bank of Canada restated a sector perform rating and issued a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Jefferies Financial Group upped their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Raymond James upped their price objective on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an outperform rating in a research report on Friday. Finally, Needham & Company LLC restated a buy rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $1,182.09.

Fair Isaac Trading Down 6.9 %

Shares of NYSE FICO traded down $82.81 during mid-day trading on Friday, hitting $1,110.85. The company 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 price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The firm has a 50-day simple moving average of $1,237.78 and a two-hundred day simple moving average of $1,149.19. Fair Isaac has a one year low of $714.63 and a one year 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 for the quarter, beating the consensus estimate of $3.76 by $0.11. The company 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%. Sell-side analysts expect that Fair Isaac will post 19.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly 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 available at the SEC website. Insiders sold 24,000 shares of company stock worth $29,011,120 in the last quarter. Corporate insiders own 3.54% of the company’s stock.

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.