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Fair, Isaac (FICO)

Fair Isaac Corporation (FICO), powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Company profile

Ticker
FICO
Exchange
Website
CEO
William Lansing
Employees
Incorporated
Location
Fiscal year end
Former names
FAIR ISAAC & COMPANY INC
SEC CIK
Subsidiaries
Data Research Technologies, Inc. • Entiera, Inc. • eZmCom, Inc. • Fair Isaac (ASPAC) Pte. Ltd. • Fair Isaac (Australia) Pty Ltd • Fair Isaac (Singapore) Pte. Ltd. • Fair Isaac (Thailand) Co., Ltd. • Fair Isaac Asia Holdings, Inc. • Fair Isaac Asia Pacific Corp. • Fair Isaac Brazil, LLC ...
IRS number
941499887

FICO stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
18 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 155.06M 155.06M 155.06M 155.06M 155.06M 155.06M
Cash burn (monthly) 6.39M 6.88M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 10.51M 11.33M n/a n/a n/a n/a
Cash remaining 144.55M 143.74M n/a n/a n/a n/a
Runway (months of cash) 22.6 20.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Marc F Mcmorris Common Stock Sell Dispose S No No 493.1272 516 254.45K 242
15 Aug 22 Marc F Mcmorris Common Stock Option exercise Acquire M No No 93.35 516 48.17K 758
15 Aug 22 Marc F Mcmorris Non-Qualified Option (right-to-buy) Common Stock Option exercise Dispose M No No 93.35 516 48.17K 0
10 Aug 22 James Kirsner Common Stock Sale back to company Dispose D Yes No 499.0482 6,001 2.99M 20,096
10 Aug 22 Leonard Michael S Common Stock Sale back to company Dispose D No No 506.65 252 127.68K 7,171.48
8 Aug 22 Thomas A. Bowers Common Stock Sale back to company Dispose D No No 487.96 1,210 590.43K 0
8 Aug 22 Leonard Michael S Common Stock Sale back to company Dispose D No No 488.06 550 268.43K 7,423.485
8 Aug 22 Leonard Michael S Common Stock Sale back to company Dispose D No No 489.3199 189.035 92.5K 7,973.485
13.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 488 542 -10.0%
Opened positions 39 87 -55.2%
Closed positions 93 56 +66.1%
Increased positions 168 180 -6.7%
Reduced positions 192 189 +1.6%
13F shares Current Prev Q Change
Total value 8.6B 10.32B -16.6%
Total shares 21.46M 22.05M -2.7%
Total puts 305K 315.4K -3.3%
Total calls 219.1K 193.3K +13.3%
Total put/call ratio 1.4 1.6 -14.7%
Largest owners Shares Value Change
BLK Blackrock 3.09M $1.24B -17.5%
Vanguard 2.64M $1.06B -1.0%
Valley Forge Capital Management 963.05K $386.09M +7.1%
Lindsell Train 841.43K $337.5M +20.8%
STT State Street 805.1K $322.77M -6.4%
TROW T. Rowe Price 670.69K $268.88M +253.7%
Kayne Anderson Rudnick Investment Management 661.99K $265.39M -0.1%
ATAC Neuberger Berman 602.45K $241.52M -1.7%
Ako Capital 490.94K $196.82M +26.5%
Geode Capital Management 382.12K $153.25M -1.6%
Largest transactions Shares Bought/sold Change
BLK Blackrock 3.09M -656.57K -17.5%
WCM Investment Management 0 -620.88K EXIT
TROW T. Rowe Price 670.69K +481.05K +253.7%
LGEN Legal & General 0 -181.46K EXIT
MS Morgan Stanley 349.16K +180.77K +107.4%
Lindsell Train 841.43K +144.87K +20.8%
Citadel Advisors 165.71K +142.18K +604.4%
Wellington Management 215.91K -137.81K -39.0%
Parametric Portfolio Associates 0 -131.89K EXIT
FMR 20.66K -111.38K -84.4%

Financial report summary

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Competition
Equifax
Risks
  • We derive a substantial portion of our revenues from a small number of products and services, and if the market does not continue to accept these products and services, our revenues will decline.
  • Our revenues depend, to a great extent, upon conditions in the banking (including consumer credit) industry. If our clients’ industry experiences uncertainty, it will likely harm our business, financial condition or results of operations.
  • We rely on relatively few customers, as well as our contracts with the three major consumer reporting agencies, for a significant portion of our revenues and profits. Many of our customers are significantly larger than we are and may have greater bargaining power. The businesses of our largest customers depend, in large part, on favorable macroeconomic conditions. If these customers are negatively impacted by weak global economic conditions, global economic volatility or the terms of these relationships otherwise change, our revenues and operating results could decline.
  • If we are unable to develop successful new products or if we experience defects, failures and delays associated with the introduction of new products, our business could suffer serious harm.
  • Our ability to increase our revenues will depend to some extent upon introducing new products and services. If the marketplace does not accept these new products and services, our revenues may decline.
  • If we fail to keep up with rapidly changing technologies, our products could become less competitive or obsolete.
  • We rely on relationships with third parties for marketing, distribution and certain services. If we experience difficulties in these relationships, including competition from these third parties, our future revenues may be adversely affected.
  • Our reengineering efforts may cause our growth prospects and profitability to suffer.
  • Our acquisition activities may disrupt our ongoing business and may involve increased expenses, and we may not realize the financial and strategic goals contemplated at the time of a transaction.
  • The failure to recruit and retain additional qualified personnel could hinder our ability to successfully manage our business.
  • The failure to obtain certain forms of model construction data from our customers or others could harm our business.
  • Material adverse developments in global economic conditions, or the occurrence of certain other world events, could affect demand for our products and services and harm our business.
  • In operations outside the U.S., we are subject to additional risks that may harm our business, financial condition or results of operations.
  • Laws and regulations in the U.S. and abroad that apply to us or to our customers may expose us to liability, cause us to incur significant expense, affect our ability to compete in certain markets, limit the profitability of or demand for our products, or render our products obsolete. If these laws and regulations require us to change our products and services, it could adversely affect our business and results of operations. New legislation or regulations, or changes to existing laws and regulations, may also negatively impact our business and increase our costs of doing business.
  • If we are subject to infringement claims, it could harm our business.
  • Our products have long and variable sales cycles. If we do not accurately predict these cycles, we may not forecast our financial results accurately, and our stock price could be adversely affected.
  • We typically have revenue-generating transactions concentrated in the final weeks of a quarter, which may prevent accurate forecasting of our financial results and cause our stock price to decline.
  • Our stock price has been subject to fluctuations, and will likely continue to be subject to fluctuations, or may decline, regardless of our operating performance.
  • Our anti-takeover defenses could make it difficult for another company to acquire control of FICO, thereby limiting the demand for our securities by certain types of purchasers or the price investors are willing to pay for our stock.
  • If we experience changes in tax laws or adverse outcomes resulting from examination of our income tax returns, it could adversely affect our results of operations.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Statements contained in this report that are not statements of historical fact should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). In addition, certain statements in our future filings with the Securities and Exchange Commission (“SEC”), in press releases, and in oral and written statements made by us or with our approval that are not statements of historical fact constitute forward-looking statements within the meaning of the PSLRA. Examples of forward-looking statements include, but are not limited to: (i) projections of revenue, income or loss, expenses, earnings or loss per share, the payment or nonpayment of dividends, share repurchases, capital structure and other statements concerning future financial performance; (ii) statements of our plans and objectives by our management or Board of Directors, including those relating to products or services, research and development, and the sufficiency of capital resources; (iii) statements of assumptions underlying such statements, including those related to economic conditions; (iv) statements regarding results of business combinations or strategic divestitures; (v) statements regarding business relationships with vendors, customers or collaborators, including the proportion of revenues generated from international as opposed to domestic customers; and (vi) statements regarding products, their characteristics, performance, sales potential or effect in the hands of customers. Words such as “believes,” “anticipates,” “expects,” “intends,” “targeted,” “should,” “potential,” “goals,” “strategy,” “outlook,” “plan,” “estimated,” “will,” variations of these terms and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those in such statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, those described in Part II, Item 1A “Risk Factors” of this Quarterly Report on Form 10-Q. The performance of our business and our securities may be adversely affected by these factors and by other factors common to other businesses and investments, or to the general economy. Forward-looking statements are qualified by some or all of these risk factors. Therefore, you should consider these risk factors with caution and form your own critical and independent conclusions about the likely effect of these risk factors on our future performance. Such forward-looking statements speak only as of the date on which statements are made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made to reflect the occurrence of unanticipated events or circumstances. Readers should carefully review the disclosures and the risk factors described in this and other documents we file from time to time with the SEC, including our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
  • We were founded in 1956 on the premise that data, used intelligently, can improve business decisions. Today, FICO’s software and the widely used FICO® Score operationalize analytics, enabling thousands of businesses in nearly 120 countries to uncover new opportunities, make timely decisions that matter, and execute them at scale. Most leading banks and credit card issuers rely on our solutions, as do insurers, retailers, telecommunications providers, automotive companies, public agencies, and organizations in other industries. We also serve consumers through online services that enable people to access and understand their FICO Scores — the standard measure in the U.S. of consumer credit risk — empowering them to increase financial literacy and manage their financial health.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: antidilutive, fringe, inclusion, telecommunication
Removed: bankcard