Fair Isaac (FICO) slides as investors refocus on mortgage-score competition and pricing pressure risk

Fair Isaac Corporation (FICO) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to renewed investor concern that growing competition in mortgage credit scoring could pressure FICO’s pricing power and future growth, a theme that has driven recent volatility in the stock. Recent analyst caution (including a notable price-target reduction) may also be weighing on sentiment as the market reassesses FICO’s moat in mortgage-related scoring.

Details:

In mid-March 2026, UBS maintained a Neutral stance while lowering its price target on FICO to $1,350 from $1,500, reinforcing valuation and competitive-risk concerns.

The mortgage market has been moving toward a multi-model environment, with the FHFA previously approving both FICO 10T and VantageScore 4.0 for use by Fannie Mae and Freddie Mac as part of a broader modernization effort.

Competitors and ecosystem partners have been promoting solutions that pair VantageScore 4.0 alongside other scores with transparent pricing structures, highlighting a push to make alternatives easier for lenders to adopt.

With the stock sensitive to any signs of mortgage-score share shifts, today’s decline could also reflect positioning and profit-taking after prior news flow on competitive pricing and adoption timelines (speculation).

Sources:

MarketScreener, FHFA, Experian

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FICO Insider Trading Activity

$FICO insiders have traded $FICO stock on the open market 55 times in the past 6 months. Of those trades, 0 have been purchases and 55 have been sales.

Here’s a breakdown of recent trading of $FICO stock by insiders over the last 6 months:

WILLIAM J LANSING (President and CEO) has made 0 purchases and 50 sales selling 8,411 shares for an estimated $13,985,017.
STEVEN P. WEBER (Executive Vice President & CFO) sold 1,426 shares for an estimated $2,581,060
EVA MANOLIS has made 0 purchases and 2 sales selling 1,041 shares for an estimated $1,589,625.
JOANNA REES sold 358 shares for an estimated $486,880
MARC F MCMORRIS sold 240 shares for an estimated $434,287

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FICO Hedge Fund Activity

We have seen 446 institutional investors add shares of $FICO stock to their portfolio, and 599 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 3,326,972 shares (+480776.3%) to their portfolio in Q4 2025, for an estimated $5,624,645,402
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 995,036 shares (-76.9%) from their portfolio in Q4 2025, for an estimated $1,682,227,762
CAPITAL RESEARCH GLOBAL INVESTORS added 305,577 shares (+inf%) to their portfolio in Q4 2025, for an estimated $516,614,587
WINSLOW CAPITAL MANAGEMENT, LLC removed 229,187 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $342,985,221
EDGEWOOD MANAGEMENT LLC removed 211,734 shares (-27.9%) from their portfolio in Q4 2025, for an estimated $357,961,735
BLACKROCK, INC. removed 197,372 shares (-8.5%) from their portfolio in Q4 2025, for an estimated $333,681,050
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 139,758 shares (-67.1%) from their portfolio in Q4 2025, for an estimated $236,277,669

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$FICO Government Contracts

We have seen $2,450,000 of award payments to $FICO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE PURPOSE OF THIS CONTRACT IS TO PROVIDE BLADEWORKS SOFTWARE LICENSE MAINTENACE AND SUPPORT WITH A 12-MON...: $2,450,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$FICO Congressional Stock Trading

Members of Congress have traded $FICO stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FICO stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 12/19 and 1 sale worth up to $15,000 on 02/10.
REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 02/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FICO Analyst Ratings

Wall Street analysts have issued reports on $FICO in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 01/29/2026
Jefferies issued a "Buy" rating on 11/06/2025
Baird issued a "Outperform" rating on 11/06/2025
Seaport Global issued a "Buy" rating on 10/01/2025

To track analyst ratings and price targets for $FICO, check out Quiver Quantitative's $FICO forecast page.

$FICO Price Targets

Multiple analysts have issued price targets for $FICO recently. We have seen 10 analysts offer price targets for $FICO in the last 6 months, with a median target of $1872.5.

Here are some recent targets:

Alexander Hess from JP Morgan set a target price of $1325.0 on 03/24/2026
Jeffrey Meuler from Baird set a target price of $1547.0 on 03/24/2026
Jason Haas from Wells Fargo set a target price of $2300.0 on 03/18/2026
Kevin Mcveigh from UBS set a target price of $1350.0 on 03/11/2026
George Tong from Goldman Sachs set a target price of $1770.0 on 02/03/2026
Kyle Peterson from Needham set a target price of $1975.0 on 01/29/2026
Surinder Thind from Jefferies set a target price of $2200.0 on 01/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.