Fair Isaac Falls as Mortgage-Score Competition Overhang Persists

Fair Isaac Corporation (FICO) is down 8.6% today. Here is some analysis on what might have caused this price movement. ([fico.gcs-web.com](https://fico.gcs-web.com/stock-information?utm_source=openai))

Analysis: The most likely driver is continuing investor concern that new mortgage-credit scoring rules are weakening FICO’s long-protected position in U.S. home lending. There does not appear to be a major new company-specific announcement today, so this drop looks more like a fresh leg of selling tied to regulatory change, competitive pricing pressure, and ongoing estimate resets. ([fhfa.gov](https://www.fhfa.gov/policy/credit-scores?utm_source=openai))

Details:

The federal mortgage regulator said the government-sponsored enterprises aligned upfront fees across Classic FICO and VantageScore 4.0 on September 30, 2026, reinforcing a more competitive framework for mortgage scoring. ([fhfa.gov](https://www.fhfa.gov/policy/credit-scores?utm_source=openai))

Fannie Mae expanded VantageScore 4.0 to all approved lenders in September and noted growing use of that model in loan submissions, which adds to fears that FICO’s pricing power could erode. ([singlefamily.fanniemae.com](https://singlefamily.fanniemae.com/news-events/lender-letter-ll-2026-06-vantagescore-40-broad-lender-availability?utm_source=openai))

Fair Isaac also disclosed an October 1 restructuring plan that included a workforce reduction intended to simplify operations and integrate AI-driven product development, a sign management is responding to a tougher backdrop. ([sec.gov](https://www.sec.gov/Archives/edgar/data/814547/000119312526415732/d127042d8k.htm?utm_source=openai))

Analysts have recently cut price targets and, in at least one case, downgraded the shares after these policy changes, which could be amplifying volatility ahead of the company’s next earnings report expected in early November. ([tipranks.com](https://www.tipranks.com/stocks/fico/forecast?utm_source=openai))

Sources:

FHFA, Fannie Mae, FICO, SEC

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 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

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

EVA MANOLIS sold 967 shares for an estimated $1,353,800

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FICO Hedge Fund Activity

We have seen 328 institutional investors add shares of $FICO stock to their portfolio, and 494 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS added 538,565 shares (+75.9%) to their portfolio in Q2 2026, for an estimated $643,466,690
D. E. SHAW & CO., INC. removed 387,386 shares (-97.3%) from their portfolio in Q2 2026, for an estimated $462,841,045
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 199,045 shares (+inf%) to their portfolio in Q2 2026, for an estimated $237,814,985
EDGEWOOD MANAGEMENT LLC removed 194,697 shares (-36.2%) from their portfolio in Q2 2026, for an estimated $232,620,081
CAPITAL RESEARCH GLOBAL INVESTORS added 177,436 shares (+15.9%) to their portfolio in Q2 2026, for an estimated $211,996,984
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 156,413 shares (+88.9%) to their portfolio in Q2 2026, for an estimated $186,879,124
BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 117,718 shares (+662.2%) to their portfolio in Q2 2026, for an estimated $140,647,112

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$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. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FICO Price Targets

Multiple analysts have issued price targets for $FICO recently. We have seen 6 analysts offer price targets for $FICO in the last 6 months, with a median target of $1400.0.

Here are some recent targets:

Kevin Mcveigh from UBS set a target price of $1270.0 on 07/02/2026
Kyle Peterson from Needham set a target price of $1650.0 on 06/09/2026
Curtis Nagle from B of A Securities set a target price of $1400.0 on 05/19/2026
Surinder Thind from Jefferies set a target price of $1700.0 on 05/04/2026
Jason Haas from Wells Fargo set a target price of $1400.0 on 04/30/2026
Alexander Hess from JP Morgan set a target price of $1225.0 on 04/30/2026

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.