Fair Isaac Corporation (FICO) Posts Earnings Results, Beats Expectations By $0.48 EPS
Fair Isaac Corporation (NYSE:FICO) released its earnings results on Wednesday. The technology company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.48, Bloomberg Earnings reports. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The firm had revenue of $253.21 million for the quarter, compared to analyst estimates of $249.11 million. During the same period in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Fair Isaac Corporation updated its FY18 guidance to $5.32 EPS.
A number of research firms recently weighed in on FICO. Zacks Investment Research lowered shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company upped their target price on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Tuesday, August 1st.
In other Fair Isaac Corporation news, Director David A. Rey sold 2,660 shares of Fair Isaac Corporation stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $140.47, for a total transaction of $373,650.20. Following the sale, the director now directly owns 11,034 shares in the company, valued at approximately $1,549,945.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Rey sold 7,340 shares of Fair Isaac Corporation 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 sale, the director now owns 15,714 shares in the company, 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.
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About Fair Isaac Corporation
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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