Zacks: Brokerages Anticipate Fair Isaac Co. (FICO) to Post $1.69 Earnings Per Share

Equities analysts predict that Fair Isaac Co. (NYSE:FICO) will post earnings of $1.69 per share for the current quarter, according to Zacks. Two analysts have made estimates for Fair Isaac’s earnings. The highest EPS estimate is $1.71 and the lowest is $1.67. Fair Isaac reported earnings of $1.00 per share in the same quarter last year, which indicates a positive year over year growth rate of 69%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Fair Isaac will report full year earnings of $4.93 per share for the current financial year, with EPS estimates ranging from $4.91 to $4.95. For the next fiscal year, analysts anticipate that the business will post earnings of $5.76 per share, with EPS estimates ranging from $5.65 to $5.93. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Fair Isaac.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). Fair Isaac had a net margin of 10.92% and a return on equity of 23.54%. The business had revenue of $231.00 million during the quarter, compared to analyst estimates of $237.07 million. During the same quarter in the prior year, the company earned $1.45 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis.

A number of research analysts have recently weighed in on FICO shares. BidaskClub raised Fair Isaac from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised Fair Isaac from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research report on Monday, October 16th. Finally, Wells Fargo & Company lifted their price objective on Fair Isaac from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st.

In related news, Director David A. Rey sold 2,660 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total value of $373,650.20. Following the transaction, the director now directly owns 11,034 shares of the company’s stock, valued at approximately $1,549,945.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Rey sold 7,340 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $140.25, for a total value of $1,029,435.00. Following the completion of the transaction, the director now directly owns 15,714 shares in the company, valued at $2,203,888.50. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $138,000. Acrospire Investment Management LLC purchased a new position in Fair Isaac in the 2nd quarter worth approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Fair Isaac by 15.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after purchasing an additional 161 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Fair Isaac by 17.9% in the 2nd quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after purchasing an additional 197 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Fair Isaac in the 2nd quarter worth approximately $208,000. 88.19% of the stock is currently owned by institutional investors.

Shares of Fair Isaac (FICO) traded down 0.14% during trading on Friday, reaching $147.23. 113,151 shares of the company traded hands. The company has a 50 day moving average price of $142.11 and a 200 day moving average price of $138.32. Fair Isaac has a 12-month low of $109.77 and a 12-month high of $149.00. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 39.47 and a beta of 1.21.

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Fair Isaac Company Profile

Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.

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