Fair Isaac (FICO) Set to Announce Earnings on Thursday

Fair Isaac (NYSE:FICO - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $4.89 per share for the quarter. Fair Isaac has set its FY24 guidance at $22.45 EPS.Investors interested in registering for the company's conference call can do so using this link.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.11. Fair Isaac had a negative return on equity of 57.80% and a net margin of 29.20%. The business had revenue of $382.06 million for the quarter, compared to analysts' expectations of $386.55 million. On average, analysts expect Fair Isaac to post $20 EPS for the current fiscal year and $26 EPS for the next fiscal year.

Fair Isaac Stock Performance

Fair Isaac stock traded up $8.97 during midday trading on Thursday, reaching $1,162.25. The stock had a trading volume of 211,428 shares, compared to its average volume of 165,813. The firm's fifty day simple moving average is $1,253.88 and its 200-day simple moving average is $1,136.83. Fair Isaac has a 1-year low of $686.08 and a 1-year high of $1,349.75. The stock has a market capitalization of $28.88 billion, a P/E ratio of 64.97, a price-to-earnings-growth ratio of 2.55 and a beta of 1.21.

Analyst Ratings Changes

A number of brokerages recently issued reports on FICO. Royal Bank of Canada reissued a "sector perform" rating and issued a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James lifted their target price on Fair Isaac from $1,214.00 to $1,400.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Jefferies Financial Group boosted their price target on Fair Isaac from $1,210.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Needham & Company LLC boosted their price target on Fair Isaac from $1,100.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Friday, January 26th. Finally, Redburn Atlantic started coverage on Fair Isaac in a research report on Tuesday. They set a "neutral" rating and a $1,113.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Fair Isaac currently has a consensus rating of "Moderate Buy" and an average target price of $1,180.45.

Insider Buying and Selling

In related news, CEO William J. Lansing sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company's stock, valued at approximately $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is owned by insiders.

Institutional Trading of Fair Isaac

Institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new stake in Fair Isaac in the 4th quarter valued at $29,000. Clear Street Markets LLC bought a new stake in shares of Fair Isaac during the 1st quarter valued at $34,000. KB Financial Partners LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $34,000. O Dell Group LLC bought a new stake in shares of Fair Isaac during the 4th quarter valued at $36,000. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Fair Isaac during the 2nd quarter valued at $66,000. 85.75% of the stock is currently owned by institutional investors.

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.