Fair Isaac (NYSE:FICO) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Fair Isaac (NYSE:FICO) issued its quarterly earnings data on Wednesday. The technology company reported $5.34 earnings per share for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.10), reports. The company had revenue of $453.81 million for the quarter, compared to analysts’ expectations of $454.78 million. Fair Isaac had a negative return on equity of 63.35% and a net margin of 29.86%. Fair Isaac updated its FY25 guidance to $28.58 EPS and its FY 2025 guidance to 28.580-28.580 EPS.

Fair Isaac Stock Performance

NYSE FICO traded up $156.19 during trading hours on Friday, reaching $2,332.29. The stock had a trading volume of 275,985 shares, compared to its average volume of 154,391. Fair Isaac has a 52-week low of $900.01 and a 52-week high of $2,351.98. The stock has a market cap of $57.19 billion, a P/E ratio of 113.94, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35. The stock has a fifty day moving average of $1,947.74 and a 200 day moving average of $1,641.34.

Fair Isaac announced that its board has approved a share buyback program on Tuesday, July 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fair Isaac

In other Fair Isaac news, EVP Thomas A. Bowers sold 3,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total value of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares of the company’s stock, valued at approximately $9,895,392.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Joanna Rees sold 3,961 shares of Fair Isaac stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,750.00, for a total transaction of $6,931,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Bowers sold 3,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the sale, the executive vice president now directly owns 5,769 shares in the company, valued at $9,895,392.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of Fair Isaac in the 1st quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Fair Isaac in the third quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Fair Isaac during the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its position in shares of Fair Isaac by 81.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Analyst Upgrades and Downgrades

FICO has been the topic of a number of recent analyst reports. UBS Group started coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They issued a “neutral” rating and a $2,100.00 price target on the stock. Oppenheimer lifted their price target on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their price target on Fair Isaac from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday. Robert W. Baird raised their price objective on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Needham & Company LLC upped their target price on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,964.92.

Fair Isaac Company Profile

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.