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Fair Isaac Corporation’s FICO shares jumped 47.5% in the trailing 12 months, outperforming the broader Zacks Computer and Technology sector’s appreciation of 27% and the Zacks Computers - IT Services industry’s growth of 8.7%.
FICO’s positive share price movement has been driven by the growing adoption of FICO Scores and the strong demand for its advanced analytics platform across various industries. This strong market presence has fueled significant revenue growth in the Scores segment, which increased 19% in fiscal 2024 from 2023.
Fair Isaac’s success in attracting and retaining a growing domestic and international clientele has broadened its revenue base and diversified its market reach. These factors, combined with its strong operational performance and financial stability, have driven a significant upward trend in its stock price.
FICO Rides on Platform Innovation & Key Partnerships
The FICO Platform provides advanced decision tools that help organizations make faster, smarter decisions, handle growing data needs and drive business growth.
Fair Isaac Corporation Price and Consensus
Fair Isaac Corporation price-consensus-chart | Fair Isaac Corporation Quote
FICO Score 10 and 10T are gaining significant traction in non-conforming mortgages and will soon be implemented for conforming mortgages, following the Federal Housing Finance Agency's timeline. This boosts the company's position in the mortgage market.
Fair Isaac introduced the FICO Score Mortgage Simulator to enhance decision-making for mortgage professionals, offering benefits to both lenders and consumers by providing access to more loan options and better interest rates.
Recently, FICO and Mortgage Capital Trading (MCT) partnered to integrate FICO Score 10 T into the MCT Marketplace. This collaboration improves lending decisions, reduces default risks and offers better loan terms. The integration is set to be completed by mid-2025, making the score available to all MCT users.
Fair Isaac has secured two important platform partnerships with Tata Consultancy Services (TCS) and iSON Xperiences. These partnerships will utilize the FICO platform to develop industry-specific solutions for real-time decision-making, driving strong growth for the platform business.
FICO has been acknowledged as a market leader in decision-making, with IDC recognizing it as a leader in the global Decision Intelligence platform market. This accolade highlights FICO's dedication to innovation, facilitating real-time, transparent decision-making at scale.