Fair Isaac Corporation (FICO) Releases Earnings Results, Beats Expectations By $0.35 EPS

Fair Isaac Corporation (FICO) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $1.10. The company posted revenue of $238.78 million in the period, compared to analysts expectations of $219.67 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Fair Isaac Corporation. Dougherty & Company Initiated Fair Isaac Corporation on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $135.Company shares were Reiterated by Barclays on May 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .

Fair Isaac Corporation closed down -1.91 points or -1.63% at $115.6 with 2,57,059 shares getting traded on Thursday. Post opening the session at $117.5, the shares hit an intraday low of $115.43 and an intraday high of $119.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 6, 2016, William J Lansing (President and CEO) sold 7,000 shares at $113.15 per share price. According to the SEC, on Jun 8, 2016, Stuart Wells (Executive Vice President) sold 26,424 shares at $114.22 per share price. On Jun 2, 2016, James M Wehmann (Executive Vice President) sold 1,722 shares at $112.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Fair Isaac Corporation (FICO) is analytics Software Company. The Company provides products and services that enable businesses to automate improve and connect decisions to enhance business performance. The Company operates in three segments such as Applications which include pre-configured decision management applications designed for a specific type of business problem or process; Scores which includes the Company’s business-to-business scoring solutions and services its myFICO solutions for consumers and associated professional services and Tools segment which include software tools that clients can use to create their own custom Decision Management applications as well as associated professional services.

Fair Isaac Corporation

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