FICO jumps after unveiling up to $2 billion stock buyback program
08/06/2026 16:33
BUZZ-FICO jumps after unveiling up to $2 billion stock buyback program ** Credit scoring giant FICO's FICO.N shares jump 6% to $1,206.82
** FICO unveils up to $2 billion stock repurchase authorization
** Purchases may be made in open market and in negotiated transactions, including accelerated share repurchase (ASR) programs
** FICO has drawn a $1.5 billion loan to fund an ASR program with Wells Fargo Securities for roughly 1.06 million shares
** Transactions under ASR program are expected to be completed by September 30
** FICO has 23.2 million outstanding shares, per LSEG data
** 16 of 23 brokerages rate the stock "buy" or higher, 6 "hold" and 1 "sell"; median PT $1,549.50 - data compiled by LSEG
** As of last close, FICO down 32.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)