Equities research analysts expect that Fair Isaac Co. (NYSE:FICO) will report sales of $293.25 million for the current quarter, Zacks reports. Two analysts have made estimates for Fair Isaac’s earnings. The highest sales estimate is $294.10 million and the lowest is $292.40 million. Fair Isaac posted sales of $259.51 million in the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is expected to report its next earnings report on Thursday, July 25th.
According to Zacks, analysts expect that Fair Isaac will report full year sales of $1.14 billion for the current fiscal year. For the next fiscal year, analysts forecast that the business will post sales of $1.25 billion, with estimates ranging from $1.24 billion to $1.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fair Isaac.
Fair Isaac (NYSE:FICO) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($0.07). The firm had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $281.17 million. Fair Isaac had a net margin of 14.47% and a return on equity of 51.46%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS.
A number of research analysts have recently weighed in on FICO shares. Zacks Investment Research raised shares of Fair Isaac from a “hold” rating to a “strong-buy” rating and set a $313.00 target price for the company in a research report on Friday, May 3rd. Barclays increased their target price on shares of Fair Isaac from $240.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. Finally, Wells Fargo & Co increased their target price on shares of Fair Isaac from $250.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st.
NYSE:FICO traded down $4.98 on Tuesday, hitting $306.69. The stock had a trading volume of 1,723 shares, compared to its average volume of 214,349. Fair Isaac has a 1 year low of $170.26 and a 1 year high of $320.39. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 70.74 and a beta of 1.27. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.91 and a current ratio of 0.91.
In other news, insider William J. Lansing sold 16,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $302.11, for a total transaction of $4,833,760.00. Following the completion of the transaction, the insider now directly owns 282,557 shares of the company’s stock, valued at approximately $85,363,295.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Rey sold 7,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $282.82, for a total transaction of $2,121,150.00. Following the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at $2,121,150. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Fair Isaac by 135.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 73,266 shares of the technology company’s stock worth $19,902,000 after buying an additional 42,125 shares during the period. Cleararc Capital Inc. bought a new position in Fair Isaac in the 1st quarter worth approximately $203,000. Ameritas Investment Corp bought a new position in Fair Isaac in the 1st quarter worth approximately $1,199,000. FMR LLC boosted its holdings in Fair Isaac by 3,261.9% in the 1st quarter. FMR LLC now owns 26,525 shares of the technology company’s stock worth $7,205,000 after buying an additional 25,736 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Fair Isaac in the 1st quarter worth approximately $3,209,000. 84.16% of the stock is owned by institutional investors.
About Fair Isaac
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. 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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