Brokers Set Expectations for Fair Isaac Co.’s Q2 2022 Earnings (NYSE:FICO)

Fair Isaac Co. (NYSE:FICO – Get Rating) – Jefferies Financial Group lowered their Q2 2022 earnings per share estimates for Fair Isaac in a research note issued on Monday, April 25th. Jefferies Financial Group analyst S. Thind now expects that the technology company will post earnings per share of $3.13 for the quarter, down from their prior estimate of $3.16. Jefferies Financial Group has a “Buy” rating and a $588.00 price target on the stock. Jefferies Financial Group also issued estimates for Fair Isaac’s Q3 2022 earnings at $3.22 EPS, Q4 2022 earnings at $3.28 EPS and Q3 2023 earnings at $4.13 EPS.

Fair Isaac (NYSE:FICO – Get Rating) last released its earnings results on Thursday, January 27th. The technology company reported $2.85 earnings per share (EPS) for the quarter. The firm had revenue of $322.36 million during the quarter, compared to analyst estimates of $327.89 million. Fair Isaac had a net margin of 29.44% and a negative return on equity of 403.65%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $2.10 EPS.

FICO has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Fair Isaac from a “buy” rating to a “hold” rating in a report on Monday, February 21st. StockNews.com started coverage on shares of Fair Isaac in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Robert W. Baird raised their target price on shares of Fair Isaac from $488.00 to $535.00 in a research report on Tuesday, January 4th. Finally, Needham & Company LLC lifted their price objective on shares of Fair Isaac from $590.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, January 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $556.71.

Shares of FICO opened at $369.34 on Wednesday. Fair Isaac has a 1-year low of $342.89 and a 1-year high of $553.97. The company has a 50-day moving average of $454.51 and a 200 day moving average of $432.87. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 27.16 and a beta of 1.18.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors acquired a new position in shares of Fair Isaac in the 3rd quarter valued at $27,000. JFS Wealth Advisors LLC acquired a new position in shares of Fair Isaac in the 4th quarter valued at $28,000. WASHINGTON TRUST Co acquired a new position in shares of Fair Isaac in the 4th quarter valued at $28,000. Spire Wealth Management lifted its stake in shares of Fair Isaac by 195.7% in the 4th quarter. Spire Wealth Management now owns 68 shares of the technology company’s stock valued at $29,000 after purchasing an additional 45 shares during the period. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of Fair Isaac in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 86.47% of the company’s stock.

In other Fair Isaac news, CAO Michael S. Leonard sold 786 shares of Fair Isaac stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $489.39, for a total transaction of $384,660.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael S. Leonard sold 434 shares of Fair Isaac stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $509.20, for a total transaction of $220,992.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,148 shares of company stock worth $12,804,921. 3.27% of the stock is owned by insiders.

About Fair Isaac (Get Rating)

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.

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