Here’s Why You Should Consider Investing in Fair Isaac Corporation (FICO)

Polen Capital, an investment management firm, published its “Polen Global SMID Company Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Over the first quarter, the Portfolio returned -22.37% gross and – 22.48% net of fees, respectively, versus the -6.41% return for the ACWI SMID Capitalization Index (the “Index”).  Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022. 

In its Q1 2022 investor letter, Polen Global SMID Company Growth Fund mentioned Fair Isaac Corporation (NYSE:FICO) and explained its insights for the company. Founded in 1956, Fair Isaac Corporation (NYSE:FICO) is a San Jose, California-based data analytics company with a $10.9 billion market capitalization. Fair Isaac Corporation (NYSE:FICO) delivered a -3.05% return since the beginning of the year, while its 12-month returns are down by -14.25%. The stock closed at $420.45 per share on June 03, 2022.

Here is what Polen Global SMID Company Growth Fund has to say about Fair Isaac Corporation (NYSE:FICO) in its Q1 2022 investor letter:

“FICO, which is the leading credit decision making solutions provider, reported robust results during the quarter. In recent years, FICO has successfully leveraged its dominant credit scoring business to thoughtfully expand into software solutions that financial institutions use for insights and decision making. The company’s solutions are mission critical for its customers, giving FICO attractive competitive advantages and pricing power that we believe are durable and likely to expand further.”

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Our calculations show that Fair Isaac Corporation (NYSE:FICO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Fair Isaac Corporation (NYSE:FICO) was in 34 hedge fund portfolios at the end of the first quarter of 2022. Fair Isaac Corporation (NYSE:FICO) delivered a -15.44% return in the past 3 months.

In May 2022, we also shared another hedge fund’s views on Fair Isaac Corporation (NYSE:FICO) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.