Market chatter focuses on Fair Isaac's (FICO) impressive performance, with investors achieving 519% returns over five years. Some entities such as Bank of Montreal, Sei Investments, and DRW Securities have expanded their stakes in FICO. Despite concerns of anti-competitive practices, the product portfolio strength and expanding clientele are grounding factors for FICO. The company's Q3 earnings missed estimation but revenues increased. Whilst reports reveal Fair Isaac shares recently reached a 12-month high and its shares surged by 49% YTD, some believe the stock is becoming pricier.
Insider selling from the director caused bands in trading with a 2.2% downward swing. Worthy of note is the increased acceptance of 'Liar Loans' in Malaysia and Thailand. Increasing dominance in credit scoring is fueling stock appeal as company ratings oscillate between 'Outperform' and 'Moderate Buy'. A new stock repurchase program was announced in July 2024. Its Q2 earnings surpassed revenue expectations but didn't hit EPS estimates.
A potential anti-competitive behavior investigation is ongoing; however, the CEO counters monopoly claims citing available alternatives. Some analysts promote buying on pullbacks, implying fundamentals are set to improve. Recent receipt of 10 new patents is projected to improve enterprise decision-making.
Fair Isaac Corporation FICO News Analytics from Sat, 25 Mar 2017 23:20:31 GMT to Sun, 29 Sep 2024 12:33:15 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -4
