Last $79.76 USD
Change Today +0.475 / 0.60%
Volume 308.2K
FICO On Other Exchanges
Symbol
Exchange
New York
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As of 1:19 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

fair isaac corp (FICO) Snapshot

Open
$80.06
Previous Close
$79.28
Day High
$80.22
Day Low
$78.54
52 Week High
01/22/15 - $80.47
52 Week Low
02/10/14 - $50.26
Market Cap
2.5B
Average Volume 10 Days
228.0K
EPS TTM
$2.82
Shares Outstanding
31.7M
EX-Date
12/1/14
P/E TM
28.3x
Dividend
$0.08
Dividend Yield
0.10%
Current Stock Chart for FAIR ISAAC CORP (FICO)

fair isaac corp (FICO) Details

Fair Isaac Corporation provides analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions to enhance business performance worldwide. The company offers various analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies, as well as licenses its products. It operates through three segments: Applications, Scores, and Tools. The Applications segment offers pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections, and insurance claims management, as well as associated professional services. The Scores segment provides business-to-business scoring solutions and services that give clients access to analytics to be integrated into their transaction streams and decision-making processes; and myFICO solutions for consumers, as well as associated professional services. The Tools segment offers analytic and decision management software tools, as well as associated professional services. Fair Isaac Corporation offers a portfolio of applications, tools, and services in the cloud to clients through its FICO Analytic Cloud, FICO Solution Stack, and FICO Decision Management Platform tools. The company markets its products and services primarily through direct sales organization; indirect channels, including alliance partners and other resellers; subsidiary sales organizations; and resellers and independent distributors, as well as through online. Fair Isaac Corporation was founded in 1956 and is headquartered in San Jose, California.

1,775 Employees
Last Reported Date: 11/10/14
Founded in 1956

fair isaac corp (FICO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $675.0K
Chief Financial Officer, Chief Investor Relat...
Total Annual Compensation: $400.0K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $500.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $400.0K
Executive Vice President of Scores Business U...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

fair isaac corp (FICO) Key Developments

FICO Receives Four New Patents for Network Protection, Fraud Detection, Personalised Marketing and Real-Time Analytic Discovery

FICO announced that it has been awarded four new patents related to fraud detection and advanced analytics. FICO now holds 170 US and foreign patents, and has 93 pending patent applications. Members of FICO's fraud analytics team patented a network assurance analytic system that monitors telecommunications networks with real-time, streaming, self-calibrating analytic models. FICO uses this technology to determine abnormalities in network traffic, and the invention is also incorporated in the company's work in cyber security. FICO also patented a technology for ‘fuzzy tagging,’ which involves a method for tagging a transaction for fraud risk. Rather than tagging each transaction as a binary fraud or non-fraud, the technology uses a spectrum of continuous values to tag transactions, effectively weighting them by their correspondence with fraud across the entire FICO Fraud Consortium. This technique is used in the FICO Falcon Platform as well as in custom modeling projects to help improve fraud detection, reduce false positives and improve the customer experience. In terms of marketing solutions, FICO patented a ‘product space browser,’ a graphical user interface that helps retailers discover the relationships between a customer's purchases and their needs. The invention allows retailers to turn masses of purchase transaction data into visual maps that show product affinities and purchase patterns by customer and across customers. This facilitates the discovery of new insights, even for retailers with millions of customers and hundreds of thousands of products. The technology is one of the innovations that led to FICO Analytic Offer Manager, FICO's groundbreaking solution for highly personalised marketing. FICO's fourth new patent is for real-time determination of data stream semantics. This innovation analyzes large amounts of information in real time to categorize the information into clusters of semantic similarity without knowing the contents of the data or having a prior example of the data structure. This invention can be useful in many applications where new datasets are received that must be classified instantly.

Fair Isaac Corporation Enters a Amended and Restated Credit Agreement

Fair Isaac Corporation entered into an Amended and Restated Credit Agreement among the Company, the several banks and other financial institutions from time to time parties thereto, Wells Fargo Securities, LLC, as joint lead arranger and joint bookrunner, U.S. Bank National Association, as syndication agent, joint lead arranger and joint bookrunner, and Wells Fargo Bank, National Association, as administrative agent. The Credit Agreement provides an unsecured $400 million five-year revolving credit facility The Credit Facility may be increased to $500 million subject to certain terms and conditions. Proceeds from the Credit Facility may be used to refinance certain debt outstanding, finance permitted acquisitions, repurchase shares of the Company’s capital stock in accordance with applicable legal requirements and provide for the working capital needs and general corporate purposes of the Company and its subsidiaries. Interest on the amounts borrowed under the Credit Facility is based on (i) a base rate, which is the greater of (a) Wells Fargo Bank’s base rate, (b) the federal funds rate plus 50 basis points and (c) the one-month Eurodollar rate plus 100 basis points, plus, in each case, an applicable margin, or (ii) an adjusted Eurodollar rate, plus an applicable margin. The applicable margin for Eurodollar borrowings ranges from 100 to 187.5 basis points and the applicable margin for base rate borrowings ranges from 0 to 87.5 basis points. The applicable margin is determined based on the Company’s total leverage ratio. The Company is restricted in its borrowings and in general under the Credit Agreement by certain financial covenants. The Company is required to maintain a fixed charge coverage ratio of not less than 2.50 to 1.00 and a total leverage ratio of not more than 3.00 to 1.00, subject to a step up to 3.50 to 1.00 following certain permitted acquisitions if certain conditions are met. The Credit Agreement also contains covenants typical of unsecured credit facilities. The Credit Agreement includes customary default provisions that include a change of control of the Company or the Company’s default on other debt exceeding $25 million. If an event of default occurs, the applicable interest rate is increased by 2% and all outstanding obligations may become immediately due and payable.

FICO Opens Office in Johannesburg; Announces Derick Cluley Lead the Johannesburg Office

FICO announced that it has opened a new office in Johannesburg, South Africa. FICO is growing its regional presence to meet increasing demand for analytics-powered solutions, and to provide greater support for its South African clients, which include the country's big four banks as well as many of the retailers. FICO's new Johannesburg office is led by Derick Cluley, who oversees FICO's operations in Africa.

 

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Industry Analysis

FICO

Industry Average

Valuation FICO Industry Range
Price/Earnings 28.9x
Price/Sales 3.2x
Price/Book 5.5x
Price/Cash Flow 23.4x
TEV/Sales 2.3x
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