Fair, Isaac rewards shareholders with a 3-for-2 stock split

After the bell, Fair, Isaac, and Company (NYSE:FIC) announced a three-for-two stock split on its outstanding shares of common stock, payable on June 4, 2001 to all shareholders on record as of May 14, 2001.

FIC currently has approximately 14.8 million shares outstanding, 8.50 million shares in the float, and 35 million are authorized for issuance. This is Fair, Isaac and Company's second split, the last being in 1995 when the stock was trading at about $56 per share.

The current split arrives on the heels of record second quarter earnings which were announced last week. Net income rose 49% to $10.7 million and revenue increased 11% to 81.1 million from last year's total of $73.3 million.

FIC shares ended the trading day up $0.60 to $71.70, just off the 52-week high of $72.25. Volume was moderate at 72,700; the three- month average is 75,000.

Fair, Isaac, and Company was added to the SplitTrader candidate list on April 29th in anticipation of today's announcement. We will be monitoring trading for any lucrative play opportunities for the duration of the split run. Please check back for updates.

About the Company:

Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years and is headquartered in San Rafael, California. (company press release)

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