Fair Isaac (NYSE:FICO) Updates FY 2022 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $14.120-$14.120 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $13.610. The company issued revenue guidance of $1.35 billion-$1.35 billion, compared to the consensus revenue estimate of $1.40 billion.

NYSE FICO traded up $3.44 during mid-day trading on Thursday, reaching $353.37. 216,979 shares of the stock were exchanged, compared to its average volume of 228,476. Fair Isaac has a one year low of $342.89 and a one year high of $553.97. The stock has a 50 day simple moving average of $397.44 and a 200-day simple moving average of $458.37. The stock has a market cap of $9.67 billion, a P/E ratio of 26.35 and a beta of 1.21. The company has a debt-to-equity ratio of 6.46, a current ratio of 0.99 and a quick ratio of 0.99.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Wednesday, November 10th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $1.55. Fair Isaac had a net margin of 29.78% and a return on equity of 205.21%. During the same period in the previous year, the business earned $2.78 earnings per share. Sell-side analysts anticipate that Fair Isaac will post 12.53 EPS for the current fiscal year.

FICO has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of Fair Isaac from $550.00 to $463.00 and set a sector perform rating on the stock in a report on Friday, October 8th. They noted that the move was a valuation call. Jefferies Financial Group raised shares of Fair Isaac from a hold rating to a buy rating and set a $522.00 price objective on the stock in a research report on Monday, November 8th. Barclays lifted their price objective on shares of Fair Isaac from $570.00 to $670.00 and gave the stock an overweight rating in a research report on Tuesday, August 17th. Needham & Company LLC lowered their price objective on shares of Fair Isaac from $630.00 to $550.00 and set a buy rating on the stock in a research report on Thursday, November 11th. Finally, Zacks Investment Research raised shares of Fair Isaac from a hold rating to a strong-buy rating and set a $464.00 price objective on the stock in a research report on Wednesday, November 10th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Fair Isaac presently has an average rating of Buy and an average target price of $543.71.

In related news, Director Joanna Rees sold 250 shares of the company’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $398.52, for a total transaction of $99,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.27% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Fair Isaac stock. Morgan Stanley grew its stake in shares of Fair Isaac Co. (NYSE:FICO) by 43.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,450 shares of the technology company’s stock after buying an additional 41,850 shares during the period. Morgan Stanley owned 0.48% of Fair Isaac worth $69,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 85.14% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.

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Earnings History and Estimates for Fair Isaac (NYSE:FICO)

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