** 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