Fair Isaac Corp (FICO) News & EventsFICOFair Isaac Corp

Nasdaq and S&P 500 Hit Record Highs

Retreat in Oil prices and Treasury yields helped support investor sentiment, sending Nasdaq Composite and the S&P 500 to record highs.  Utilities was the best performing sector in the index, with traders piling into the beaten down but high-yielding space, betting that the bid in the Treasury market could be sustainable.  Consumer Cyclicals - still the worst S&P sector this year - also performed well, with outsized gains of about 3% among discount chains Dollar Treeand Dollar General.  Tech was mixed, with losses in semiconductor equipment offset by gains in communication equipment stocks. In software, cybersecurity names were especially impressive as Palo Alto Networks, CrowdStrike, and Fortinetall notched all-time highs.In the opening hour of the evening session, S&P e-minis and Nasdaq 100 contracts are up a decimal.  In commodities, WTI Crude Oil had fallen to a one-month low around $87 per barrel on easing supply concerns, though November contract is back around $90 on Tuesday evening.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Neogenup 10.0%Penguin Solutionsup 5.4%ALSO HIGHER -Pluriup 6.1% after equity offeringZIM Integrated Shipping Servicesup 4.3% after positive FY26 pre-announcementDOWN AFTER EARNINGS -Constellation Brandsdown 4.6%Worthington Steeldown 3.7%ALSO LOWER -Caribou Biosciencesdown 35.3% after  announcing it would discontinue development activities, explore alternativesFair Isaacdown 0.8% after announcing staff cutsSpaceXdown 1.0% after FT report that the company seeks to raise $40B to purchase Nvidia, up 0.5%) chips

Fair Isaac Announces Workforce Reduction Plan, Cutting Approximately 15% of Positions

In a regulatory filing, the company stated: "On October 1, 2026, management of Fair Isaac committed to a plan of workforce reduction by reducing the number of layers in the organization, simplifying the operating structure, optimizing processes and tools, and integrating AI-driven product development. This plan involves the elimination of approximately 15% of positions across the Company. Affected employees were notified beginning the week of October 5, 2026. The Company expects the plan to be substantially completed by the end of the third quarter of fiscal 2027. The Company expects to incur aggregate pre-tax charges of approximately $27.0 million in the fourth quarter of fiscal 2026, consisting of employee severance and related costs calculated in accordance with the Company's existing severance plan or applicable local statutory requirements, substantially all of which are expected to result in future cash expenditures."

United Wholesale Mortgage Reaffirms Use of FICO Scores

FICO "announced that United Wholesale Mortgage, the nation's number one mortgage lender, is reaffirming its commitment to utilizing FICO Scores on all credit pulls across its broker lending operations, to help ensure borrowers receive the most favorable pricing and financing opportunities available. As the industry standard in credit risk assessment, FICO Scores remain a critical component of UWM's credit evaluation process, helping the company make confident lending decisions. By incorporating FICO Scores alongside other eligible scoring models, UWM is able to leverage the broadest set of insights available to better serve borrowers and deliver optimal outcomes."