Topic: How To Invest

Power Growth Investor Hotline – Friday, February 2, 2024

Article Excerpt

FAIR ISAAC CORP., $1,255.30, is a buy for our subscribers. Investors in this stock draw gains from a company (symbol FICO on New York) best known for its FICO Scores software. It lets lenders make better decisions about customer creditworthiness. Fair Isaac also makes programs that help credit-card issuers reduce fraud and analyze the spending patterns of cardholders. For the quarter ended December 31, 2023, revenue rose 10.8%, to $382.1 million from $344.9 million a year earlier. Software revenues, which include the company’s analytics and digital decision-making technology, were up 14%. Meanwhile, Scores revenue, which includes the company’s business-to-business (B2B) scoring solutions and its business-to-consumer (B2C) solutions, rose 8%. Excluding one-time items, Fair Isaac earned $121.2 million in the quarter. That was up 11.8% from $108.5 million. Per-share earnings jumped 12.9%, to $4.81 from $4.26, on fewer shares outstanding. In response to rising unemployment in some industries due to COVID-19, the company launched the FICO Resilience Index. This new Index takes into account general…