Aspen Technology Plans New Share Repurchase Authorization For Up To $300M Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology has announced plans for a new share repurchase authorization of up to $300 million of its common stock.
August 04, 2023 | 10:33 am
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POSITIVE IMPACT
Aspen Technology's new share repurchase authorization of up to $300 million could potentially increase the stock's value.
Share repurchase programs are typically seen as a positive signal by the market, as they indicate that the company believes its shares are undervalued. This could potentially lead to an increase in the stock's value in the short term.
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