Fair Isaac (NYSE:FICO) Updates FY25 Earnings Guidance

Fair Isaac (NYSE:FICO) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $28.58 for the period, compared to the consensus EPS estimate of $29.56. The company issued revenue guidance of $1.98 billion, compared to the consensus revenue estimate of $1.98 billion.

Analysts Set New Price Targets

Several brokerages recently weighed in on FICO. Oppenheimer upped their target price on shares of Fair Isaac from $1,967.00 to $2,109.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on shares of Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Wolfe Research began coverage on shares of Fair Isaac in a report on Tuesday, July 9th. They set an “outperform” rating and a $1,725.00 price target for the company. UBS Group began coverage on shares of Fair Isaac in a report on Tuesday, October 1st. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on shares of Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,787.08.

Fair Isaac Trading Up 4.0 %

Shares of FICO traded up $80.88 during trading hours on Wednesday, reaching $2,090.63. The company had a trading volume of 230,221 shares, compared to its average volume of 169,949. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 105.61, a PEG ratio of 3.68 and a beta of 1.35. Fair Isaac has a 12-month low of $900.01 and a 12-month high of $2,103.70. The firm has a 50 day simple moving average of $1,919.23 and a 200-day simple moving average of $1,626.15.

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

Insiders Place Their Bets

In related news, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joanna Rees sold 3,961 shares of the firm’s 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 value of $6,931,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Bowers sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,715.27, for a total transaction of $5,145,810.00. Following the completion of the transaction, the executive vice president now owns 5,769 shares in the company, valued at $9,895,392.63. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,261 shares of company stock valued at $21,200,190 in the last ninety days. 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.