The news revolving around Fair Isaac Corporation (FICO) has been extensive. Investments in the company shifted as TD Asset Management Inc. sold their shares, Farther Finance Advisors LLC increased their stake and more entities like Sumitomo Mitsui DS Asset Management Company and Great Valley Advisor Group jumped on board. Despite these investments, Wells Fargo risked giving an Overweight recommendation and the stock price was considered expensive by some. However, some results were positive with FICO Q2 Earnings exceeding revenue expectations, while their Q3 revenues increased despite missing estimates.
There are various significant alerts such as investigations by the DOJ and Pomerantz Law Firm into FICO's anticompetitive practices and alleged wrongdoings, and a revised antitrust suit being launched against the company. A stock repurchase program was announced, and they were granted new patents raising their adaptability score. The company's strong position meant they ruled out being a monopoly with the CEO stating, 'There are alternatives'.
FICO software is used widely in credit scoring; a decision that is proving profitable despite regulatory changes in scoring leading to US average score dropping. Constellation Software signed an agreement to purchase FICO’s Collection and Recovery Business.
Fair Isaac Corporation FICO News Analytics from Sun, 11 Aug 2019 07:00:00 GMT to Sun, 08 Sep 2024 02:36:41 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor -5
