Fair Isaac (FICO) slides as mortgage-score pricing comes under renewed scrutiny

Fair Isaac Corporation (FICO) (FICO) is down 6.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to renewed investor concern that FICO’s mortgage-credit-score economics are facing rising political and industry pressure, which could curb future pricing power. Even with solid recent results, the market may be re-rating the stock as the probability of pricing concessions or faster competitive adoption increases.

Details:

A U.S. Senate oversight letter highlighted that the company’s mortgage-related per-score price was slated to increase in 2026 (citing a move from $4.95 to $10.00), elevating the risk of regulatory or policy responses.

Mortgage-industry trade groups have recently emphasized that credit report and score costs have risen sharply versus weak mortgage volumes, reinforcing the narrative that the current pricing structure is under pressure.

FICO’s latest quarterly communications reiterated full-year guidance, but that may not have been enough to offset concerns about the durability of the Scores segment’s economics if the mortgage ecosystem pushes back on fees.

This could also be because investors are bracing for accelerating competitive adoption of alternative scoring models in mortgage workflows, which would reduce FICO’s leverage over pricing.

Sources:

FICO Investor Relations, U.S. Senate (Hawley office), Mortgage Bankers Association

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 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 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 15 sales selling 2,400 shares for an estimated $4,158,921.
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 408 institutional investors add shares of $FICO stock to their portfolio, and 491 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
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
LINONIA PARTNERSHIP LP added 122,956 shares (+inf%) to their portfolio in Q4 2025, for an estimated $207,871,872

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 4 times in the past 6 months. Of those trades, 2 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 3 times. They made 2 purchases worth up to $30,000 on 03/13, 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 3 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
Baird issued a "Outperform" rating on 11/06/2025
Jefferies issued a "Buy" rating on 11/06/2025

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 $1748.5.

Here are some recent targets:

Sean Kennedy from Mizuho set a target price of $1416.0 on 04/16/2026
Manav Patnaik from Barclays set a target price of $1950.0 on 04/10/2026
George Tong from Goldman Sachs set a target price of $1528.0 on 04/02/2026
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

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.