$251.08 Million in Sales Expected for Fair Isaac Corporation (FICO) This Quarter
Wall Street brokerages forecast that Fair Isaac Corporation (NYSE:FICO) will report $251.08 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Fair Isaac Corporation’s earnings, with the lowest sales estimate coming in at $246.06 million and the highest estimate coming in at $256.10 million. Fair Isaac Corporation reported sales of $235.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The business is expected to issue its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that Fair Isaac Corporation will report full year sales of $251.08 million for the current fiscal year, with estimates ranging from $925.03 million to $935.00 million. For the next year, analysts forecast that the firm will post sales of $992.42 million per share, with estimates ranging from $990.00 million to $994.84 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The company had revenue of $231 million during the quarter, compared to analysts’ expectations of $237.07 million. During the same quarter in the prior year, the business posted $1.45 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on FICO shares. Zacks Investment Research upgraded shares of Fair Isaac Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Wells Fargo & Company upped their target price on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, August 1st. Finally, BidaskClub lowered shares of Fair Isaac Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.
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Fair Isaac Corporation (FICO) opened at 138.38 on Monday. The stock has a 50 day moving average price of $140.92 and a 200-day moving average price of $134.41. Fair Isaac Corporation has a one year low of $109.77 and a one year high of $147.02. The stock has a market capitalization of $4.24 billion, a P/E ratio of 37.10 and a beta of 1.20.
In related news, Director David A. Rey sold 7,340 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $140.25, for a total transaction of $1,029,435.00. Following the sale, the director now owns 15,714 shares in the company, valued at $2,203,888.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greg R. Gianforte sold 18,486 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the sale, the director now owns 20,877 shares in the company, valued at approximately $2,807,956.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,486 shares of company stock worth $3,889,452. Company insiders own 5.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC raised its stake in Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock valued at $120,000 after buying an additional 48 shares during the period. YorkBridge Wealth Partners LLC acquired a new stake in Fair Isaac Corporation during the second quarter valued at $138,000. Acrospire Investment Management LLC acquired a new stake in Fair Isaac Corporation during the second quarter valued at $139,000. Advisory Services Network LLC acquired a new stake in Fair Isaac Corporation during the first quarter valued at $142,000. Finally, Elkfork Partners LLC raised its stake in Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock valued at $165,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.
Fair Isaac Corporation 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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