Fair Isaac (NYSE:FICO) Releases FY24 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $22.80 for the period, compared to the consensus 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

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a report on Friday, January 26th. Jefferies Financial Group increased their price target on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a research note on Wednesday, January 17th. Raymond James increased their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the company an outperform rating in a research note on Friday. Barclays increased their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a research note on Friday, January 26th. Finally, Redburn Atlantic initiated coverage on shares of Fair Isaac in a research note on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $1,182.09.

Fair Isaac Stock Down 6.9 %

FICO stock traded down $82.81 during midday trading on Friday, reaching $1,110.85. The company’s stock had a trading volume of 440,692 shares, compared to its average volume of 148,743. Fair Isaac has a 52 week low of $714.63 and a 52 week high of $1,349.75. The stock has a market cap 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 business’s 50-day simple moving average is $1,237.78 and its 200-day simple moving average is $1,149.19.

Fair Isaac (NYSE:FICO) last posted its earnings results on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. As a group, equities analysts forecast that Fair Isaac will post 19.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fair Isaac news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $1,140.55, for a total value of $9,124,400.00. Following the sale, the chief executive officer now directly owns 12,638 shares in the company, valued at $14,414,270.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 24,000 shares of company stock worth $29,011,120. Company 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.