Fair Isaac (NYSE:FICO) Releases FY24 Earnings Guidance

Fair Isaac (NYSE:FICO) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $22.80 for the period, compared to the consensus EPS estimate of $23.29. The company issued revenue guidance of $1.690 billion, compared to the consensus revenue estimate of $1.74 billion.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. 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. Jefferies Financial Group increased 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. Barclays increased their price objective on Fair Isaac from $1,234.00 to $1,500.00 and gave the stock an overweight rating in a 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 stock an outperform rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reissued a sector perform rating and set a $1,350.00 price objective on shares of Fair Isaac in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $1,180.45.

Fair Isaac Price Performance

Shares of NYSE:FICO traded up $0.63 during midday trading on Thursday, hitting $1,193.66. 218,402 shares of the company’s stock were exchanged, compared to its average volume of 168,716. The stock has a 50 day moving average price of $1,243.37 and a 200-day moving average price of $1,147.33. The company has a market cap of $29.66 billion, a PE ratio of 67.15, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21. Fair Isaac has a 12 month low of $708.00 and a 12 month high of $1,349.75.

Fair Isaac (NYSE:FICO) last released its earnings results 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 analysts’ expectations of $386.55 million. Fair Isaac had a net margin of 29.20% and a negative return on equity of 57.80%. On average, analysts anticipate that Fair Isaac will post 19.95 EPS for the current fiscal 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, March 19th. The shares were sold at an average price of $1,225.93, for a total transaction of $9,807,440.00. Following the transaction, the chief executive officer now owns 20,638 shares of the company’s stock, valued at approximately $25,300,743.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 24,000 shares of company stock worth $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.