Fair Isaac Corporation FICO disclosed Thursday that its Board of Directors has approved a share buyback program to buy its shares for a maximum of $250 million.
FICO said this fresh share repurchase program was cleared after it completed its previous share buyback program, which was in effect between August 2014 and July 2016. The fresh share buyback would be an open-ended and enables the company to buy back its shares from time to time in the open market, as well as in negotiated transactions.
On Thursday, the stock traded down by 0.25 percent at $117.22.
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