Fair Isaac (NYSE:FICO) Announces Quarterly Earnings Results

Fair Isaac (NYSE:FICOGet Rating) posted its earnings results on Wednesday. The technology company reported $4.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.73 by $0.95, MarketWatch Earnings reports. The company had revenue of $357.20 million for the quarter, compared to analyst estimates of $337.63 million. Fair Isaac had a negative return on equity of 193.09% and a net margin of 31.52%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.30 earnings per share. Fair Isaac updated its FY22 guidance to $16.08 EPS.

NYSE FICO traded down $11.87 during trading on Friday, reaching $373.51. 317,889 shares of the company traded hands, compared to its average volume of 272,502. The stock’s 50 day moving average price is $447.08 and its two-hundred day moving average price is $432.23. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 24.54 and a beta of 1.18. Fair Isaac has a 1-year low of $342.89 and a 1-year high of $553.97.

In other Fair Isaac news, Director Joanna Rees sold 1,660 shares of Fair Isaac stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $502.23, for a total transaction of $833,701.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Braden R. Kelly sold 13,515 shares of Fair Isaac stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $518.34, for a total transaction of $7,005,365.10. The disclosure for this sale can be found here. Insiders have sold 25,148 shares of company stock worth $12,804,921 over the last ninety days. Company insiders own 3.27% of the company’s stock.

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in shares of Fair Isaac in the fourth quarter valued at approximately $152,000. Toroso Investments LLC bought a new position in Fair Isaac in the 4th quarter worth approximately $413,000. Integrated Wealth Concepts LLC raised its position in Fair Isaac by 4.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,605 shares of the technology company’s stock worth $696,000 after purchasing an additional 67 shares during the last quarter. Stifel Financial Corp raised its position in Fair Isaac by 1.8% in the 4th quarter. Stifel Financial Corp now owns 30,583 shares of the technology company’s stock worth $13,262,000 after purchasing an additional 553 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Fair Isaac by 32.9% in the 4th quarter. Parametric Portfolio Associates LLC now owns 116,725 shares of the technology company’s stock worth $50,620,000 after purchasing an additional 28,900 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Fair Isaac from a “buy” rating to a “hold” rating in a research note on Monday, February 21st. Needham & Company LLC lifted their price objective on Fair Isaac from $590.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. Jefferies Financial Group lifted their price objective on Fair Isaac from $529.00 to $588.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. Robert W. Baird lifted their price objective on Fair Isaac from $488.00 to $535.00 in a research note on Tuesday, January 4th. Finally, Barclays dropped their price objective on Fair Isaac from $670.00 to $575.00 in a research note on Thursday. 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $543.14.

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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Earnings History for Fair Isaac (NYSE:FICO)

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