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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays lifted their target price on Fair Isaac from $1,234.00 to $1,500.00 and gave the company an overweight rating in a report on Friday, January 26th. Royal Bank of Canada reissued a sector perform rating and set a $1,350.00 target price on shares of Fair Isaac in a research report on Friday, January 26th. Raymond James lifted their price target on shares of 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. Needham & Company LLC reissued a buy rating and issued a $1,500.00 price objective on shares of Fair Isaac in a research report on Monday. Finally, Redburn Atlantic began coverage on shares of Fair Isaac in a report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $1,180.45.

Fair Isaac Trading Up 0.1 %

FICO stock traded up $0.63 during trading on Thursday, hitting $1,193.66. The company had a trading volume of 218,286 shares, compared to its average volume of 168,722. The business has a 50 day moving average of $1,241.19 and a 200 day moving average of $1,147.65. The firm 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 has a fifty-two week low of $708.00 and a fifty-two week high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its earnings results on Thursday, January 25th. The technology company reported $3.87 EPS for the quarter, topping 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 firm had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. As a group, equities analysts predict that Fair Isaac will post 19.95 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William J. Lansing sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $1,140.55, for a total transaction of $9,124,400.00. Following the completion of the sale, the chief executive officer now directly owns 12,638 shares of the company’s stock, valued at $14,414,270.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 24,000 shares of company stock worth $29,011,120. 3.54% of the stock is owned by 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.