Here’s Why Fair Isaac Corporation (FICO) May Be Worth A Look

With general bullishness amongst the heavyweights, key hedge funds have been driving this bullishness. Sandler Capital Management, managed by Andrew Sandler, created the largest position in Fair Isaac Corporation (NYSE:FICO). Sandler Capital Management had $6.6 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $1.2 million investment in the stock during the quarter. The following funds were also among the new FICO investors: Joel Greenblatt’s Gotham Asset Management, Ray Dalio’s Bridgewater Associates, and David Costen Haley’s HBK Investments.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Fair Isaac Corporation (NYSE:FICO) but similarly valued. These stocks are American National Insurance Company (NASDAQ:ANAT), Blackbaud, Inc. (NASDAQ:BLKB), ProAssurance Corporation (NYSE:PRA), and Valero Energy Partners LP (NYSE:VLP). This group of stocks’ market valuations match FICO’s market valuation.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $78 million. That figure was $269 million in FICO’s case. American National Insurance Company (NASDAQ:ANAT) is the most popular stock in this table. On the other hand Valero Energy Partners LP (NYSE:VLP) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Fair Isaac Corporation (NYSE:FICO) is more popular among hedge funds and has far more more invested in it. 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.