Fair Isaac (NYSE:FICO) Updates FY24 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $22.80 for the period, compared to the consensus earnings per share estimate of $23.29. The company issued revenue guidance of $1.690 billion, compared to the consensus revenue estimate of $1.74 billion. Fair Isaac also updated its FY 2024 guidance to 22.800-22.800 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FICO shares. Barclays raised their price target on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an overweight rating in a research report on Friday, January 26th. Redburn Atlantic started coverage on shares of Fair Isaac in a research report on Tuesday, April 16th. They set a neutral rating and a $1,113.00 price target for the company. Raymond James raised their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an outperform rating in a research report on Friday. Needham & Company LLC reissued a buy rating and set a $1,500.00 price target on shares of Fair Isaac in a research report on Monday, April 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Fair Isaac from $1,210.00 to $1,450.00 and gave the company a buy rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $1,182.09.

Fair Isaac Stock Performance

Shares of FICO stock traded down $82.81 on Friday, hitting $1,110.85. 440,692 shares of the stock traded hands, compared to its average volume of 148,743. The firm’s 50-day moving average price is $1,237.78 and its two-hundred day moving average price is $1,149.19. The stock has a market capitalization of $27.60 billion, a PE ratio of 58.31, a PEG ratio of 2.65 and a beta of 1.21. Fair Isaac has a twelve month low of $714.63 and a twelve month high of $1,349.75.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results 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. The firm had revenue of $382.06 million for the quarter, compared to analysts’ expectations of $386.55 million. Fair Isaac had a net margin of 29.99% and a negative return on equity of 62.94%. On average, equities research analysts anticipate that Fair Isaac will post 19.93 EPS for the current fiscal year.

Insider Activity

In other news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were 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 owns 28,638 shares of the company’s stock, valued at approximately $36,081,302.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 24,000 shares of company stock valued at $29,011,120. 3.54% of the stock is currently 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.