This financial services firm. is well positioned to continue performing during the pandemic as its clients—leading lenders—rely on it to protect their businesses. Since March 2020, the stock has risen 21% from a year earlier and has room to move higher.
It remains one of our top recommendations.
FAIR ISAAC CORP. (New York symbol FICO; www.fairisaac.com) is best known for its FICO Scores software. It lets lenders make better decisions about customer creditworthiness. Through your shares, you also invest in a company that makes programs to help credit-card issuers reduce fraud and analyze spending by cardholders.
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For the quarter ended September 30, 2020, revenue rose 22.6%, to $374.4 million from $305.3 million, a year earlier. Powered by that revenue jump, Fair Isaac earned $97.0 million, or $3.25 a share, in the latest quarter. That was up 59.4% from $60.8 million, or $2.01.
Growth Stocks: Expanding demand should keep driving gains
In response to rising unemployment due to COVID-19, the company has launched the FICO Resilience Index. This new Index takes into account general economic conditions to measure a borrower’s ability to financially weather periods of economic disruption or volatility.
When lenders use both tools, they can better identify borrowers who have a lower FICO Score but are still well positioned to take on more credit. That’s increasingly valuable for all lenders during the economic disruption of the pandemic. Increased demand for Fair Isaac’s tools helped drive the stock up 34% in 2020 despite COVID-19 uncertainty.
Meanwhile, the company’s applications business will continue to gain longer term from expanding demand for fraud and digital security software. What’s more, Fair Isaac has formed a strategic partnership with Equifax, the major U.S. credit reporting firm. This includes selling to banks the consumer data that it gathers from its clients.
Markets down and the FEAR of loss set’s in with no rules to follow you panic and sell the stock market rebounds maybe the stock market’s NOT for you.With no strategy your always churning your account’s.
Our subscribers who acted upon our first buy recommendation for Fair Isaac in 1999 have seen 4-digit gains since then. We strongly believe that they will significant add to that in the coming years.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Changes to this Policy
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The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
Markets down and the FEAR of loss set’s in with no rules to follow you panic and sell the stock market rebounds maybe the stock market’s NOT for you.With no strategy your always churning your account’s.
Our subscribers who acted upon our first buy recommendation for Fair Isaac in 1999 have seen 4-digit gains since then. We strongly believe that they will significant add to that in the coming years.
Look for a rebound today