Fair Isaac (NYSE:FICO) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Fair Isaac (NYSE:FICO) posted its earnings results on Wednesday. The technology company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.08 by $0.25, FiscalAI reports. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $501.05 million. Fair Isaac had a net margin of 32.75% and a negative return on equity of 43.97%.

Fair Isaac Stock Performance

NYSE:FICO traded down $17.49 during trading hours on Wednesday, hitting $1,527.51. The company’s stock had a trading volume of 365,975 shares, compared to its average volume of 293,306. The business’s 50-day moving average is $1,700.05 and its two-hundred day moving average is $1,605.02. Fair Isaac has a 52-week low of $1,300.00 and a 52-week high of $2,217.60. The company has a market capitalization of $36.29 billion, a PE ratio of 57.53, a PEG ratio of 1.66 and a beta of 1.30.

Insider Activity

In other news, CEO William J. Lansing sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1,732.88, for a total transaction of $4,158,912.00. Following the completion of the transaction, the chief executive officer directly owned 10,933 shares of the company’s stock, valued at $18,945,577.04. This trade represents a 18.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eva Manolis sold 521 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $1,825.83, for a total value of $951,257.43. Following the sale, the director directly owned 344 shares in the company, valued at approximately $628,085.52. The trade was a 60.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,347 shares of company stock worth $7,691,229 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Fair Isaac

A number of hedge funds have recently made changes to their positions in FICO. Brighton Jones LLC lifted its holdings in Fair Isaac by 168.7% in the fourth quarter. Brighton Jones LLC now owns 481 shares of the technology company’s stock worth $958,000 after acquiring an additional 302 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Fair Isaac by 5.7% in the 1st quarter. Great Lakes Advisors LLC now owns 112 shares of the technology company’s stock worth $207,000 after acquiring an additional 6 shares during the period. Woodline Partners LP boosted its stake in Fair Isaac by 46.1% during the 1st quarter. Woodline Partners LP now owns 2,138 shares of the technology company’s stock valued at $3,943,000 after purchasing an additional 675 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Fair Isaac by 18.0% during the second quarter. Treasurer of the State of North Carolina now owns 14,037 shares of the technology company’s stock worth $25,659,000 after acquiring an additional 2,146 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Fair Isaac by 16.1% in the 2nd quarter. Alliancebernstein L.P. now owns 211,947 shares of the technology company’s stock worth $387,431,000 after purchasing an additional 29,408 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on FICO shares. JPMorgan Chase & Co. increased their price objective on shares of Fair Isaac from $1,750.00 to $1,825.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Oppenheimer lowered Fair Isaac from an “outperform” rating to a “market perform” rating in a report on Monday, October 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,950.00 target price on shares of Fair Isaac in a research report on Thursday, October 2nd. Robert W. Baird boosted their price target on Fair Isaac from $1,900.00 to $1,960.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group boosted their target price on shares of Fair Isaac from $2,100.00 to $2,200.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Fair Isaac currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,092.15.

Fair Isaac Company Profile

Fair Isaac Corporation, commonly known as FICO, is a data analytics and software company best known for its FICO Score, a widely used credit-scoring system that helps lenders assess consumer credit risk. Founded in 1956 by Bill Fair and Earl Isaac, the company has evolved from its origins in statistical credit scoring to a broader focus on predictive analytics, decision management and artificial intelligence-driven solutions for financial services and other industries. FICO is headquartered in San Jose, California, and operates globally, serving clients across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

FICO’s product portfolio centers on analytics and decisioning technologies.