filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock trades on the New York Stock Exchange under the symbol: FICO. According to records of our transfer agent, at October 28, 2016, we had 380 shareholders of record of our common stock.
The following table shows the high and low sales prices for our stock, as listed on the New York Stock Exchange for each quarter in the last two fiscal years:
| High | Low | ||||||
| Fiscal 2015 | |||||||
| October 1 — December 31, 2014 | $ | 74.39 | $ | 53.09 | |||
| January 1 — March 31, 2015 | $ | 89.42 | $ | 69.44 | |||
| April 1 — June 30, 2015 | $ | 96.53 | $ | 85.40 | |||
| July 1 — September 30, 2015 | $ | 97.56 | $ | 77.57 | |||
| Fiscal 2016 | |||||||
| October 1 — December 31, 2015 | $ | 97.00 | $ | 78.11 | |||
| January 1 — March 31, 2016 | $ | 106.64 | $ | 80.20 | |||
| April 1 — June 30, 2016 | $ | 115.87 | $ | 102.77 | |||
| July 1 — September 30, 2016 | $ | 132.95 | $ | 111.73 |
Dividends
We paid dividends of $0.02 per share on a quarterly basis during each of fiscal 2016, 2015 and 2014. Our dividend rate is set by the Board of Directors on a quarterly basis taking into account a variety of factors, including among others, our operating results and cash flows, general economic and industry conditions, our obligations, changes in applicable tax laws and other factors deemed relevant by the Board. Although we expect to continue to pay dividends at the current rate, our dividend rate is subject to change from time to time based on the Board’s business judgment with respect to these and other relevant factors.
Unregistered Sales of Equity Securities and Use of Proceeds
Not applicable.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) | |||||||||
| July 1, 2016 through July 31, 2016 | 160,537 | $ | 116.63 | 154,068 | $ | 250,000,000 | |||||||
| August 1, 2016 through August 31, 2016 | 32,050 | $ | 127.91 | 30,000 | $ | 246,165,162 | |||||||
| September 1, 2016 through September 30, 2016 | 126,440 | $ | 130.60 | 123,806 | $ | 230,001,105 | |||||||
| Total | 319,027 | $ | 123.30 | 307,874 | $ | 230,001,105 |
| (1) | Includes 11,153 shares delivered in satisfaction of the tax withholding obligations resulting from the vesting of restricted stock units held by employees during the quarter ended September 30, 2016. |
| (2) | On August 18, 2014, our Board of Directors approved a stock repurchase program following the completion of our previous program. This program was open-ended and authorized repurchases of shares of our common stock up to an aggregate cost of $250.0 million in the open market or in negotiated transactions. On July 27, 2016, following the termination of the August 2014 program, our Board of Directors approved a new stock repurchase program. The new program is open-ended and authorizes repurchases of shares of our common stock up to an aggregate cost of $250.0 million in the open market or in negotiated transactions. |
Performance Graph
The following graph shows the total stockholder return of an investment of $100 in cash on September 30, 2011, in (a) the Company’s Common Stock, (b) the Standard & Poor’s 500 Stock Index and (c) the Standard & Poor’s 500 Application Software Index, in each case with reinvestment of dividends. We do not believe there are any publicly traded companies that compete with us across the full spectrum of our product and service offerings.
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