Topic: How To Invest

Power Growth Investor Hotline – Friday, July 31, 2020

Article Excerpt

FAIR ISAAC CORP., $439.19, is a buy for our subscribers. Investors in this stock draw their 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 June 30, 2020, revenue fell slightly, to $313.7 million from $314.2 million a year earlier. Sales of computer applications (45% of the total) fell 15%. Meanwhile, sales of credit-scoring programs (42%) jumped 14% and sales of analytics software (13%) rose 22%. Excluding one-time items, Fair Isaac earned $76.7 million, or $2.58 a share, in the latest quarter. That was up 1.5% from $75.6 million, or $2.50. The company’s applications business will continue to gain longer term from expanding demand for fraud and digital security software. Elsewhere, both the Scores and Analytics units will likely continue to improve. What’s more, Fair…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.