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

Fair Isaac (NYSE:FICO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 22.800-22.800 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of 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. Barclays upped their price target 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. Royal Bank of Canada reissued a sector perform rating and issued a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James upped 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. Finally, Needham & Company LLC reiterated a buy rating and issued a $1,500.00 target price on shares of Fair Isaac in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $1,180.45.

Fair Isaac Trading Up 0.1 %

Shares of FICO traded up $0.63 during trading hours on Thursday, reaching $1,193.66. The stock had a trading volume of 218,286 shares, compared to its average volume of 168,722. The firm has a 50-day simple moving average of $1,241.19 and a 200 day simple moving average of $1,147.65. Fair Isaac has a 12 month low of $708.00 and a 12 month high of $1,349.75. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 66.72, a P/E/G ratio of 2.63 and a beta of 1.21.

Fair Isaac (NYSE:FICO) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.11. The firm had revenue of $382.06 million for the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, equities analysts forecast that Fair Isaac will post 19.95 EPS for the current year.

Insider Activity at Fair Isaac

In related news, CEO William J. Lansing sold 8,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1,259.91, for a total value of $10,079,280.00. Following the completion of the sale, 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 is available at this link. In the last quarter, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is owned by corporate 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.