Brokerages predict that Fair Isaac Co. (NYSE:FICO) will announce sales of $329.11 million for the current quarter, according to Zacks. Three analysts have made estimates for Fair Isaac’s earnings. The lowest sales estimate is $321.13 million and the highest is $337.50 million. Fair Isaac posted sales of $307.97 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 5th.
On average, analysts expect that Fair Isaac will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $1.31 billion to $1.35 billion. For the next financial year, analysts expect that the company will post sales of $1.46 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Fair Isaac.
Several equities analysts have weighed in on the company. Barclays lifted their target price on Fair Isaac from $565.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC boosted their price target on Fair Isaac from $550.00 to $565.00 and gave the company a “buy” rating in a research note on Friday, January 29th. Jefferies Financial Group boosted their price target on Fair Isaac from $475.00 to $490.00 and gave the company a “hold” rating in a research note on Monday, January 11th. Deutsche Bank Aktiengesellschaft started coverage on Fair Isaac in a research note on Wednesday, January 20th. They issued a “buy” rating and a $560.00 price target for the company. Finally, Zacks Investment Research raised Fair Isaac from a “hold” rating to a “buy” rating and set a $543.00 price target for the company in a research note on Tuesday, March 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $537.71.
Several hedge funds have recently made changes to their positions in FICO. Manning & Napier Group LLC acquired a new position in shares of Fair Isaac during the first quarter valued at $91,227,000. Norges Bank acquired a new position in shares of Fair Isaac during the fourth quarter valued at $92,096,000. Morgan Stanley lifted its stake in shares of Fair Isaac by 253.8% during the fourth quarter. Morgan Stanley now owns 205,375 shares of the technology company’s stock valued at $104,954,000 after acquiring an additional 147,324 shares during the period. WCM Investment Management LLC lifted its stake in shares of Fair Isaac by 18.3% during the fourth quarter. WCM Investment Management LLC now owns 524,923 shares of the technology company’s stock valued at $268,257,000 after acquiring an additional 81,250 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Fair Isaac by 42.5% during the fourth quarter. Nuveen Asset Management LLC now owns 185,057 shares of the technology company’s stock valued at $94,572,000 after acquiring an additional 55,188 shares during the period. Institutional investors own 84.94% of the company’s stock.
FICO traded down $8.51 during trading on Thursday, reaching $507.24. The company had a trading volume of 108,935 shares, compared to its average volume of 214,672. The firm’s 50-day simple moving average is $506.61 and its 200 day simple moving average is $481.88. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 65.37 and a beta of 1.18. Fair Isaac has a 12-month low of $337.04 and a 12-month high of $547.57. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.29 and a current ratio of 1.29.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.
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