Fair Isaac Corporation (FICO) Updates FY18 Earnings Guidance

Fair Isaac Corporation (NYSE:FICO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.73. The company issued revenue guidance of $990 million, compared to the consensus revenue estimate of $990.40 million.

Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.48. The firm had revenue of $253.21 million during the quarter, compared to analysts’ expectations of $249.11 million. Fair Isaac Corporation had a return on equity of 30.02% and a net margin of 13.76%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS.

Fair Isaac Corporation announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

FICO has been the topic of several recent analyst reports. BidaskClub lowered Fair Isaac Corporation from a sell rating to a strong sell rating in a research report on Monday, September 18th. Zacks Investment Research raised Fair Isaac Corporation from a hold rating to a buy rating and set a $164.00 price objective on the stock in a report on Monday, October 16th. Wells Fargo & Company increased their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a positive rating in a report on Tuesday, August 1st. Finally, Barclays PLC increased their price objective on Fair Isaac Corporation from $135.00 to $140.00 and gave the company an equal weight rating in a report on Thursday.

In other Fair Isaac Corporation news, Director David A. Rey sold 2,660 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total transaction of $373,650.20. Following the transaction, the director now owns 11,034 shares in the company, valued at $1,549,945.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Rey sold 7,340 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the transaction, the director now owns 15,714 shares in the company, valued at approximately $2,203,888.50. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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About Fair Isaac Corporation

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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