Fair Isaac (NYSE:FICO) Updates FY20 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY20 earnings guidance on Monday. The company provided earnings per share guidance of $8.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.32. The company issued revenue guidance of $1.245 billion, compared to the consensus revenue estimate of $1.24 billion.

A number of brokerages have issued reports on FICO. ValuEngine downgraded shares of Fair Isaac from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Wells Fargo & Co increased their price objective on shares of Fair Isaac from $310.00 to $415.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Fair Isaac from a hold rating to a sell rating in a research note on Tuesday, October 15th. Stephens increased their price objective on shares of Fair Isaac from $336.00 to $352.00 and gave the stock an equal weight rating in a research note on Tuesday. Finally, William Blair reiterated an outperform rating on shares of Fair Isaac in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $346.40.

Shares of FICO stock traded up $3.38 on Thursday, reaching $333.31. The company had a trading volume of 63,225 shares, compared to its average volume of 235,345. The stock has a market capitalization of $8.69 billion, a PE ratio of 52.57 and a beta of 1.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.25. Fair Isaac has a one year low of $170.26 and a one year high of $373.24. The business’s 50-day moving average is $306.60 and its 200 day moving average is $316.98.

Fair Isaac (NYSE:FICO) last posted its earnings results on Monday, November 4th. The technology company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.33. The firm had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $287.06 million. Fair Isaac had a net margin of 16.56% and a return on equity of 69.57%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 earnings per share. On average, sell-side analysts forecast that Fair Isaac will post 6.22 earnings per share for the current fiscal year.

In related news, CEO William J. Lansing sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $310.22, for a total value of $4,963,520.00. Following the completion of the transaction, the chief executive officer now owns 282,557 shares in the company, valued at approximately $87,654,832.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael J. Pung sold 7,996 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $365.62, for a total transaction of $2,923,497.52. The disclosure for this sale can be found here. Insiders sold 101,638 shares of company stock valued at $35,385,984 in the last three months. Company insiders own 6.10% of the company’s stock.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. 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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