Fair Isaac (NYSE:FICO) Posts Earnings Results, Beats Estimates By $0.49 EPS

Fair Isaac (NYSE:FICO) posted its quarterly earnings data on Thursday, July 26th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.49, Bloomberg Earnings reports. Fair Isaac had a return on equity of 39.61% and a net margin of 13.12%. The business had revenue of $259.50 million during the quarter, compared to the consensus estimate of $257.49 million. During the same period last year, the company earned $1.16 earnings per share. Fair Isaac’s quarterly revenue was up 12.3% on a year-over-year basis. Fair Isaac updated its FY18 guidance to $6.38 EPS.

Shares of FICO stock opened at $213.96 on Friday. The firm has a market cap of $6.21 billion, a P/E ratio of 53.76, a PEG ratio of 4.74 and a beta of 1.23. Fair Isaac has a twelve month low of $131.52 and a twelve month high of $217.46. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.84 and a current ratio of 0.84.

In other Fair Isaac news, CFO Michael J. Pung sold 14,621 shares of Fair Isaac stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $199.00, for a total transaction of $2,909,579.00. Following the transaction, the chief financial officer now directly owns 4 shares of the company’s stock, valued at approximately $796. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Deal sold 25,001 shares of Fair Isaac stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $201.88, for a total value of $5,047,201.88. Following the transaction, the insider now directly owns 73,489 shares in the company, valued at $14,835,959.32. The disclosure for this sale can be found here. Insiders have sold a total of 124,386 shares of company stock worth $25,645,656 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Fair Isaac in the 2nd quarter valued at about $3,782,000. ClariVest Asset Management LLC lifted its stake in shares of Fair Isaac by 27.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 23,332 shares of the technology company’s stock valued at $4,510,000 after purchasing an additional 5,051 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Fair Isaac by 22.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 3,430 shares of the technology company’s stock valued at $663,000 after purchasing an additional 630 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Fair Isaac by 9.7% in the 2nd quarter. Federated Investors Inc. PA now owns 19,569 shares of the technology company’s stock valued at $3,783,000 after purchasing an additional 1,727 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Fair Isaac by 40.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 24,346 shares of the technology company’s stock valued at $4,710,000 after purchasing an additional 6,970 shares during the period. 87.88% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the company. ValuEngine raised Fair Isaac from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Fair Isaac from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Barclays raised their price objective on Fair Isaac from $190.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, July 12th. Finally, Wells Fargo & Co boosted their price objective on Fair Isaac from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $208.50.

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.

Further Reading: Momentum Indicator: Relative Strength Index

Earnings History for Fair Isaac (NYSE:FICO)

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