Fair Isaac (NYSE:FICO) Issues 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. Fair Isaac also updated its FY 2024 guidance to 22.800-22.800 EPS.

Fair Isaac Trading Down 6.9 %

NYSE:FICO traded down $82.81 on Friday, hitting $1,110.85. 440,692 shares of the stock were exchanged, compared to its average volume of 148,743. The stock has a market cap of $27.60 billion, a PE ratio of 58.31, a PEG ratio of 2.46 and a beta of 1.21. The stock has a fifty day moving average of $1,237.78 and a 200-day moving average of $1,151.01. Fair Isaac has a fifty-two week low of $714.63 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $3.76 by $0.11. The company had revenue of $382.06 million during the quarter, compared to analyst estimates of $386.55 million. Fair Isaac had a negative return on equity of 62.94% and a net margin of 29.99%. As a group, analysts predict that Fair Isaac will post 19.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $36,081,302.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 24,000 shares of company stock valued at $29,011,120 in the last quarter. Company insiders own 3.54% of the company’s stock.

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.