FICO announces new $500M stock repurchase program

FICO announced that its board of directors has approved a stock repurchase program to acquire up to $500M of the company’s outstanding common stock. This new program was approved following completion of FICO‘s previous stock repurchase program, which was in effect from October 2022 until adoption of the new program in January. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.