FICO secures new patents in AI and machine learning technologies

BOZEMAN, Mont. - FICO (NYSE:FICO), a global analytics software leader valued at $45.54 billion and maintaining an impressive 80% gross profit margin, has expanded its intellectual property portfolio with the award of several new patents by the U.S. Patent and Trademark Office. These patents cover a range of technologies, including fraud detection, artificial intelligence (AI), machine learning, decision management, and cybersecurity. According to InvestingPro data, the company’s overall financial health score is rated as GREAT, reflecting its strong market position.

The company’s patent portfolio now includes 226 active U.S. and international patents, with an additional 75 patent applications pending. The recent patents underscore FICO’s ongoing commitment to innovation in operationalizing AI, with the aim of delivering practical business outcomes across various industries. While trading at a relatively high P/E ratio of 84, the company’s innovation pipeline and strong market position have attracted attention from analysts, with 7 recently revising their earnings expectations upward.

Among the patented technologies are methods for enhancing data privacy, improving the fairness and transparency of AI models, optimizing neural network architectures, and streamlining the analysis of large datasets. These advancements contribute to more reliable and explainable AI systems, fostering trust and accountability.

FICO’s patented facial recognition technology for user authentication integrates with fraud detection systems to bolster account security. Additionally, the company has developed a system for real-time threat monitoring in cybersecurity, enhancing businesses’ ability to protect against cyber-attacks.

Dr. Scott Zoldi, FICO’s chief analytics officer, has been a key figure in the company’s innovation efforts, being listed as an inventor on 101 patents and named on over 40 additional patent applications in process. His contributions reflect FICO’s dedication to solving complex challenges through patented technologies.

The new patents align with FICO’s strategy to develop AI technologies that enable clients to make smarter, data-driven decisions. The company’s solutions are utilized worldwide, from protecting payment cards from fraud to improving financial inclusion and supply chain resilience.

Information on FICO’s patents is available on their website, and further reflections on innovation can be found on Dr. Zoldi’s blog. This announcement is based on a press release statement.

In other recent news, Fair Isaac Corporation reported its financial results for the first quarter of fiscal year 2024, revealing earnings per share (EPS) of $5.79, which did not meet the forecasted $6.08. The company’s revenue also fell short of expectations, coming in at $440 million against a projected $451.42 million. Despite this, Fair Isaac maintained its fiscal 2025 guidance, projecting consolidated revenues of $1.98 billion and an adjusted EPS of $28.58. On the analyst front, RBC Capital Markets upgraded Fair Isaac’s stock rating from Sector Perform to Outperform, raising the price target to $2,170, citing the company’s strong market position and financial strategies. Conversely, JPMorgan lowered its price target for Fair Isaac to $1,900 from $2,150, maintaining a Neutral rating due to slower-than-expected revenue growth in the Scores segment. Additionally, Fair Isaac, in collaboration with TransUnion (NYSE:TRU), introduced new credit tools in Kenya to enhance financial inclusion, showcasing their commitment to global expansion. These recent developments highlight the company’s mixed performance and ongoing efforts to innovate and expand its market reach.

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