Wall Street brokerages expect that Fair Isaac Corporation (NYSE:FICO) will report sales of $251.40 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Fair Isaac Corporation’s earnings, with the lowest sales estimate coming in at $246.70 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 6.6%. The firm is expected to announce its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Fair Isaac Corporation will report full year sales of $251.40 million for the current year, with estimates ranging from $925.67 million to $935.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $990.44 million per share, with estimates ranging from $990.00 million to $990.88 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Fair Isaac Corporation.

Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The company had revenue of $231.00 million for the quarter, compared to the consensus estimate of $237.07 million. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS.

A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Fair Isaac Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company raised their price target on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, August 1st.

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

Several institutional investors have recently made changes to their positions in FICO. BlackRock Inc. raised its position in shares of Fair Isaac Corporation by 23,429.3% in the 1st quarter. BlackRock Inc. now owns 3,195,752 shares of the technology company’s stock valued at $412,092,000 after purchasing an additional 3,182,170 shares during the last quarter. Koch Industries Inc. raised its position in shares of Fair Isaac Corporation by 23,947.1% in the 2nd quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock valued at $867,000 after purchasing an additional 869,998 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Fair Isaac Corporation by 151.4% in the 2nd quarter. Principal Financial Group Inc. now owns 324,590 shares of the technology company’s stock valued at $45,251,000 after purchasing an additional 195,488 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Fair Isaac Corporation in the 2nd quarter valued at approximately $24,820,000. Finally, Victory Capital Management Inc. raised its position in shares of Fair Isaac Corporation by 134.5% in the 2nd quarter. Victory Capital Management Inc. now owns 310,040 shares of the technology company’s stock valued at $43,223,000 after purchasing an additional 177,840 shares during the last quarter. 88.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Fair Isaac Corporation (FICO) opened at 146.59 on Monday. The stock’s 50 day moving average is $141.60 and its 200-day moving average is $137.82. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 39.30 and a beta of 1.21. Fair Isaac Corporation has a 52 week low of $109.77 and a 52 week high of $149.00.

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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