Fair Isaac (NYSE:FICO – Get Rating) updated its FY 2023 earnings guidance on Saturday. The company provided EPS guidance of $19.42-$19.42 for the period, compared to the consensus EPS estimate of $19.56. The company issued revenue guidance of $1.46 billion-$1.46 billion, compared to the consensus revenue estimate of $1.48 billion.
Fair Isaac Price Performance
Shares of NYSE FICO opened at $644.28 on Tuesday. The business's 50 day moving average is $611.32 and its two-hundred day moving average is $514.93. Fair Isaac has a 1-year low of $340.48 and a 1-year high of $676.98. The stock has a market capitalization of $16.21 billion, a P/E ratio of 43.10 and a beta of 1.28.
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Fair Isaac (NYSE:FICO – Get Rating) last released its earnings results on Wednesday, November 9th. The technology company reported $3.56 EPS for the quarter, meeting analysts' consensus estimates of $3.56. The firm had revenue of $348.75 million for the quarter, compared to analysts' expectations of $355.10 million. Fair Isaac had a negative return on equity of 47.61% and a net margin of 27.59%. As a group, equities research analysts anticipate that Fair Isaac will post 16.07 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Needham & Company LLC upped their target price on Fair Isaac from $630.00 to $780.00 and gave the stock a buy rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Fair Isaac from $697.00 to $720.00 and gave the stock a buy rating in a research report on Friday. Barclays upped their target price on Fair Isaac from $575.00 to $700.00 and gave the company an overweight rating in a research report on Friday, December 2nd. Robert W. Baird upped their target price on Fair Isaac from $537.00 to $655.00 and gave the company a neutral rating in a research report on Friday. Finally, Royal Bank of Canada upped their target price on Fair Isaac from $463.00 to $685.00 and gave the company a sector perform rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Fair Isaac has a consensus rating of Moderate Buy and an average target price of $727.43.
Insider Transactions at Fair Isaac
In other news, Director Braden R. Kelly sold 3,000 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $630.00, for a total transaction of $1,890,000.00. Following the sale, the director now directly owns 9,606 shares of the company's stock, valued at approximately $6,051,780. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Braden R. Kelly sold 461 shares of the firm's stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $625.00, for a total value of $288,125.00. Following the transaction, the director now directly owns 9,606 shares of the company's stock, valued at approximately $6,003,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Braden R. Kelly sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $630.00, for a total transaction of $1,890,000.00. Following the completion of the transaction, the director now directly owns 9,606 shares in the company, valued at $6,051,780. The disclosure for this sale can be found here. Insiders have sold a total of 20,072 shares of company stock valued at $12,180,047 in the last ninety days. 3.37% of the stock is currently owned by corporate insiders.
Institutional Trading of Fair Isaac
Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in Fair Isaac by 0.8% in the third quarter. State Street Corp now owns 811,426 shares of the technology company's stock valued at $334,316,000 after acquiring an additional 6,324 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fair Isaac by 72.5% during the first quarter. Invesco Ltd. now owns 76,577 shares of the technology company's stock worth $35,720,000 after acquiring an additional 32,181 shares during the period. Balyasny Asset Management LLC acquired a new position in Fair Isaac during the third quarter worth about $23,793,000. Caisse DE Depot ET Placement DU Quebec grew its position in Fair Isaac by 15.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 54,236 shares of the technology company's stock worth $25,299,000 after buying an additional 7,300 shares during the period. Finally, Eaton Vance Management grew its position in Fair Isaac by 101.5% during the first quarter. Eaton Vance Management now owns 40,971 shares of the technology company's stock worth $19,111,000 after buying an additional 20,638 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.
About Fair Isaac
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Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management.
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