On June 20, the FactSet Board Approved a Share Buyback of up to $300M, Available on September 1, 2023
Portfolio Pulse from Benzinga Newsdesk
FactSet's Board of Directors approved a share buyback of up to $300 million, which will be available on September 1, 2023.
June 22, 2023 | 11:08 am
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POSITIVE IMPACT
FactSet's share buyback of up to $300 million may lead to a short-term increase in stock price.
Share buybacks often lead to a short-term increase in stock price as they reduce the number of outstanding shares, increasing earnings per share and potentially making the stock more attractive to investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100