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

Fair Isaac (NYSE:FICO) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $14.120-$14.120 for the period, compared to the Thomson Reuters consensus EPS 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.

Shares of FICO traded up $3.44 during midday trading on Thursday, hitting $353.37. The company had a trading volume of 216,979 shares, compared to its average volume of 228,476. The company’s 50-day simple moving average is $397.44 and its 200-day simple moving average is $458.37. The company has a debt-to-equity ratio of 6.46, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $9.67 billion, a P/E ratio of 26.35 and a beta of 1.21. Fair Isaac has a 1 year low of $342.89 and a 1 year high of $553.97.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Wednesday, November 10th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $1.55. Fair Isaac had a return on equity of 205.21% and a net margin of 29.78%. During the same period in the previous year, the firm posted $2.78 earnings per share. Equities analysts predict that Fair Isaac will post 12.53 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on FICO. Barclays raised their target price on Fair Isaac from $570.00 to $670.00 and gave the stock an overweight rating in a research report on Tuesday, August 17th. Royal Bank of Canada cut their target price on Fair Isaac from $550.00 to $463.00 and set a sector perform rating on the stock in a research report on Friday, October 8th. They noted that the move was a valuation call. Jefferies Financial Group raised Fair Isaac from a hold rating to a buy rating and set a $522.00 price target on the stock in a research report on Monday, November 8th. Needham & Company LLC cut their price target on 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 upgraded Fair Isaac from a hold rating to a strong-buy rating and set a $464.00 target price on the stock in a research note on Wednesday, November 10th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fair Isaac has a consensus rating of Buy and a consensus price target of $543.71.

In other Fair Isaac news, Director Joanna Rees sold 250 shares of the business’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $398.52, for a total transaction of $99,630.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.27% of the stock is owned by insiders.

An institutional investor recently raised its position in Fair Isaac stock. Morgan Stanley boosted its holdings in Fair Isaac Co. (NYSE:FICO) by 43.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,450 shares of the technology company’s stock after purchasing an additional 41,850 shares during the quarter. Morgan Stanley owned approximately 0.48% of Fair Isaac worth $69,093,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 85.14% of the company’s stock.

About Fair Isaac

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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