FICO Approved A Stock Repurchase Program To Acquire Up To $1B Of The Company's Outstanding Common Stock
Portfolio Pulse from Benzinga Newsdesk
FICO has announced a new stock repurchase program to acquire up to $1 billion of its outstanding common stock. This follows the completion of its previous repurchase program.
July 30, 2024 | 9:05 pm
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FICO has approved a new stock repurchase program to buy back up to $1 billion of its outstanding common stock. This move follows the completion of its previous repurchase program.
Stock repurchase programs generally indicate that the company believes its stock is undervalued and is a good investment. This can lead to a short-term increase in stock price due to reduced supply and increased demand.
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