$235.95 Million in Sales Expected for Fair Isaac Co. (FICO) This Quarter

Brokerages expect Fair Isaac Co. (NYSE:FICO) to report $235.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Fair Isaac’s earnings. The highest sales estimate is $236.69 million and the lowest is $235.20 million. Fair Isaac posted sales of $219.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Fair Isaac will report full-year sales of $235.95 million for the current year, with estimates ranging from $990.00 million to $997.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.06 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Fair Isaac.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.48. Fair Isaac had a net margin of 13.76% and a return on equity of 30.03%. The business had revenue of $253.21 million for the quarter, compared to analyst estimates of $249.11 million. During the same period in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year.

FICO has been the topic of several recent analyst reports. BidaskClub upgraded shares of Fair Isaac from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Barclays upped their target price on shares of Fair Isaac from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Fair Isaac from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Monday, October 16th.

Fair Isaac (NYSE:FICO) opened at $163.45 on Friday. Fair Isaac has a one year low of $119.54 and a one year high of $164.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The stock has a market cap of $4,834.42, a PE ratio of 41.17, a PEG ratio of 4.37 and a beta of 1.26.

In other news, Director A George Battle sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $150.46, for a total value of $752,300.00. Following the sale, the director now directly owns 21,259 shares in the company, valued at $3,198,629.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanna Rees purchased 3,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $152.00 per share, for a total transaction of $456,000.00. Following the completion of the transaction, the director now directly owns 4,989 shares of the company’s stock, valued at $758,328. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FICO. Riverhead Capital Management LLC grew its position in shares of Fair Isaac by 76.5% in the second quarter. Riverhead Capital Management LLC now owns 1,765 shares of the technology company’s stock valued at $246,000 after purchasing an additional 765 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Fair Isaac by 202.0% during the second quarter. Teachers Advisors LLC now owns 170,312 shares of the technology company’s stock valued at $23,743,000 after buying an additional 113,925 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Fair Isaac by 3.0% during the second quarter. TIAA CREF Investment Management LLC now owns 127,520 shares of the technology company’s stock valued at $17,778,000 after buying an additional 3,733 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Fair Isaac by 2.0% during the second quarter. Ameriprise Financial Inc. now owns 156,060 shares of the technology company’s stock valued at $21,757,000 after buying an additional 3,023 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of Fair Isaac by 4.5% during the second quarter. Amalgamated Bank now owns 4,448 shares of the technology company’s stock valued at $620,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

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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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