Fair Isaac (NYSE:FICO – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $16.08-$16.08 for the period, compared to the consensus EPS estimate of $16.31. The company issued revenue guidance of $1.35 billion-$1.35 billion, compared to the consensus revenue estimate of $1.37 billion.
Analyst Ratings Changes
A number of research firms have issued reports on FICO. Robert W. Baird raised their target price on Fair Isaac from $493.00 to $546.00 in a report on Thursday, August 4th. Barclays lifted their price objective on Fair Isaac from $450.00 to $535.00 and gave the stock an overweight rating in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $546.40.
Fair Isaac Price Performance
Shares of FICO stock traded up $15.49 on Wednesday, reaching $506.07. 520 shares of the stock were exchanged, compared to its average volume of 253,458. The stock has a market cap of $12.78 billion, a PE ratio of 35.94 and a beta of 1.22. Fair Isaac has a one year low of $340.48 and a one year high of $531.03. The stock has a 50 day moving average price of $424.32 and a 200 day moving average price of $434.89.
Insider Activity at Fair Isaac
In related news, Director Joanna Rees sold 253 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $383.72, for a total value of $97,081.16. Following the completion of the sale, the director now owns 3,922 shares in the company, valued at $1,504,949.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.05% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in FICO. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Fair Isaac by 423.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293 shares of the technology company’s stock worth $137,000 after buying an additional 237 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Fair Isaac during the first quarter worth about $243,000. Ariel Investments LLC acquired a new position in shares of Fair Isaac during the first quarter worth about $260,000. Captrust Financial Advisors boosted its position in shares of Fair Isaac by 7.6% during the first quarter. Captrust Financial Advisors now owns 598 shares of the technology company’s stock worth $279,000 after buying an additional 42 shares during the period. Finally, Prudential PLC acquired a new position in shares of Fair Isaac during the first quarter worth about $296,000. 86.67% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Company Profile
Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment offers pre-configured decision management solution designed for various business problems or processes, such as marketing, account origination, customer management, customer engagement, fraud detection, financial crimes compliance, collection, and marketing, as well as associated professional services.
See Also
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