FICO
Wall Street can’t quite quit FICO
Fair Isaac is back in the spotlight, and not because it’s suddenly cheap. MarketBeat says the stock now carries a Moderate Buy consensus from 15 analysts, with 10 buys, 5 holds, and an average 12-month price target of $1,803.14. That’s a fancy way of saying the Street still thinks the name has more gas in the tank, even after a big run.
The old news still matters
The article also leans on FICO’s latest earnings, where the company posted $7.33 in EPS versus $7.08 expected, and $766 million in revenue versus $501 million expected. Revenue was up 16.4% year over year, which is the kind of beat that makes analysts reach for the highlighter and management reach for the victory lap.
Buybacks: the corporate version of “I’ll take my own stock, thanks”
Then there’s the board’s $1.5 billion share repurchase authorization, good for roughly 5.2% of the company’s shares. Companies don’t usually open the buyback tab unless they think their stock is worth defending — or at least they’d rather own a bigger slice of the pie themselves.
Why you should care
This isn’t one of those sleepy “analyst initiates coverage” notes that disappears before lunch. FICO is sitting on a combo platter of strong fundamentals, a chunky repurchase plan, and still-bullish broker sentiment. That’s enough to keep the stock in the market’s good graces — even if some banks have been trimming targets around the edges.
Big picture: FICO isn’t being treated like a boring software company. It’s being treated like a pricey one with a serious fan club, and for investors, that usually means every update comes with extra drama.