Fair Isaac Corporation (FICO): Hedge Funds Like What They See

Now, key hedge funds have jumped into Fair Isaac Corporation (NYSE:FICO) headfirst. Gotham Asset Management, led by Joel Greenblatt, established the most valuable position in Fair Isaac Corporation (NYSE:FICO). According to regulatory filings, the fund had $8.7 million invested in the company at the end of the quarter. Millennium Management, one of the 10 largest hedge funds in the world, also made a $4.5 million investment in the stock during the quarter. The other funds with new positions in the stock are Lee Ainslie’s Maverick Capital, Jason Young and Alfred Geary’s YG Partners, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s check out hedge fund activity in other stocks similar to Fair Isaac Corporation (NYSE:FICO). These stocks are Woodward Inc (NASDAQ:WWD), Research In Motion Ltd (NASDAQ:BBRY), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), and Morningstar, Inc. (NASDAQ:MORN). This group of stocks’ market values are similar to FICO’s market value.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $391 million. That figure was $362 million in FICO’s case. BlackBerry Ltd (NASDAQ:BBRY) is the most popular stock in this table. On the other hand Woodward Inc (NASDAQ:WWD) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Fair Isaac Corporation (NYSE:FICO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None