Fair Isaac Corp
FICO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6,434.00 | Bhrd | Bkwrkjtsw |
Fair Isaac Earnings: Mortgage Pricing Drives Scores Revenue Growth; Software Growth Moderates
Fair Isaac reported a decent fiscal third quarter. Overall revenue grew 12% and scores revenue grew 20%, driven by an 80% increase in mortgage revenue, which benefited from special pricing increases. Overall, we will maintain our wide moat rating on Fair Isaac and expect to increase our fair value estimate of $1,010 by a single-digit percentage. While there are many positive aspects to Fair Isaac’s business model, we regard shares as pricey.