Fair Isaac (NYSE:FICO) Releases FY 2024 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 22.800-22.800 for the period, compared to the consensus estimate of 23.770. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Fair Isaac also updated its FY24 guidance to $22.80 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FICO. Raymond James boosted their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Needham & Company LLC reiterated a buy rating and set a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Barclays boosted their price objective on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Fair Isaac has a consensus rating of Moderate Buy and a consensus price target of $1,182.09.

Fair Isaac Trading Down 6.9 %

Shares of NYSE FICO traded down $82.81 during mid-day trading on Friday, reaching $1,110.85. The company had a trading volume of 440,692 shares, compared to its average volume of 148,743. The business’s 50-day moving average is $1,237.78 and its 200-day moving average is $1,151.01. The stock has a market cap of $27.60 billion, a price-to-earnings ratio of 58.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. Fair Isaac has a 52 week low of $714.63 and a 52 week high of $1,349.75.

Fair Isaac (NYSE:FICO) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analysts’ expectations 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 research analysts forecast that Fair Isaac will post 19.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1,225.93, for a total value of $9,807,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,638 shares of the company’s stock, valued at $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 24,000 shares of company stock valued at $29,011,120 over the last three months. 3.54% of the stock is owned by company insiders.

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.