Monthly Stock Report: Fair Isaac Corporation (FICO)
Publication Date: September 22, 2024
Company Overview
Fair Isaac Corporation (FICO), headquartered in Bozeman, Montana, has been a prominent player in the technology sector since its founding in 1956. Specializing in analytic and digital decisioning technologies, FICO aids businesses in optimizing decision-making across global markets, including the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company operates through two primary segments: Scores, which delivers predictive credit scoring services, and Software, providing modular solutions for diverse business needs such as fraud detection and customer engagement. With total revenues hitting approximately $1.65 billion, FICO is firmly positioned within the software application industry, a sector poised for substantial growth. Analysts are optimistic about FICO’s future, with a target high price set at $2,150, indicating considerable upside potential.
Financial Performance and Outlook
FICO currently has 24,518,500 shares outstanding, with a relatively low short interest of 0.0318%, reflecting minimal bearish sentiment. The current trading price of $1,934.63 positions the stock near its 52-week high of $1,951.40, demonstrating strong momentum. The median price target from analysts stands at $1,850.00, providing a balanced view in the context of market fluctuations. Importantly, the company’s performance is underscored by robust revenue numbers, although clarity regarding EBITDA remains unspecified. Overall, the bullish outlook is backed by a consensus recommendation of “buy,” with an average analyst rating of 2.4 derived from 15 contributors.
Price Dynamics and Market Sentiment
FICO’s stock has shown remarkable resilience, especially with its current price well above the fifty-day moving average of $1,712.674, suggesting a bullish trend. The volatility observed in the past 52 weeks—ranging from a low of $811.99 to its current high—reinforces the dynamic nature of the market surrounding this asset. Analysts are unanimous in their outlook, positioning FICO as an attractive investment opportunity within the technology landscape due to its strong financial base and positive sentiment in its future performance metrics.
This report summarizes key insights into Fair Isaac Corporation’s market position, financial performance, and analyst outlook for potential investors looking to navigate the evolving landscape of technology investments.
| Metric | Value |
|---|---|
| Market Cap | $47.4b |
| Total Debt | $2.2b |
| Total Cash | $156.0m |
| Shares Outstanding | 24.5m |
| Float Shares | 23.9m |
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