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Fair Isaac Corporation (FICO), headquartered in Bozeman, Montana, is a leading global analytics and decision management company, providing advanced software, tools, and solutions to help businesses make data-driven decisions with a market cap of $46.83 billion.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and Fair Isaac exemplifies this designation. FICO's large-cap status reflects its strong market presence, innovation in data-driven solutions, and commitment to helping organizations optimize risk management and enhance business outcomes across various sectors.
FICO shares are trading marginally below their 52-week high of $1895.08, which they hit on Sep. 16. However, the stock has gained 36.3% over the past three months, outperforming the iShares Expanded Tech-Software Sector ETF’s (IGV) 6% gain over the same time frame.
In the longer term, FICO is up 62.8% on a YTD basis, and the shares have gained 112.6% over the past 52 weeks. Comparatively, IGV has gained 8.5% in 2024 and 25.1% over the past year.
To confirm the bullish price action, FICO has been trading above its 50-day moving average since early May.
Shares of Fair Isaac jumped marginally after the release of its Q3 earnings on Jul. 31. The company reported revenue of $447.8 million, which fell short of the Street forecasts of $ $448.5 million. Its adjusted earnings were $6.25 per share, missing Wall Street's expectation of $6.37 per share. FICO expects full-year earnings to be $23.16 per share, with revenue expected to be $1.7 billion.
Highlighting the contrast in performance, rival Autodesk, Inc. (ADSK) has underperformed FICO with a 10% gain on a YTD basis.
Given FICO's recent outperformance compared to the IGV, analysts are moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy" from 12 analysts in coverage. The mean price target is $1,803, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
